Eurozone Preliminary HICP inflation edges higher to 2.6% YoY in July vs. 2.4% expected

The Eurozone Harmonized Index of Consumer Prices (HICP) rose at an annual rate of 2.6% in July after reporting a 2.5% growth in June, the official data released by Eurostat showed Wednesday. The market forecast was for a 2.4% increase in the reported period.

The Core HICP climbed 2.9% YoY in the same period, at the same pace as seen in June while coming in above the estimated 2.8% print.

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