Eurozone Annual Inflation Increases to 2.9% in July Due to Energy Prices

The eurozone's annual inflation rate rose to 2.9% in July 2026, up from 2.8% in June, according to Eurostat's flash estimate. This increase was primarily fueled by higher energy costs, with core inflation also rising to 2.5%. The data aligns with analyst forecasts and follows recent GDP acceleration, indicating persistent inflationary pressures in the region.