The July preliminary YoY Consumer Price Index is up 2.2% in the Eurozone, above the 2% expected and 1.9% in June. This is the biggest climb seen since October 2018.
The annualized underlying CPI has grown 0.7%, below the estimated 0.8% and 0.9% of the previous month. The indicator registers its most moderate rise since April, when it also marked 0.7%.
On the other hand, the unemployment rate in the euro zone has fallen three tenths to 7.7%, its lowest level since June 2020. The indicator has improved the expected result of 7.9%. In addition, the May data has been revised up from 7.9% to 8%.
EUR / USD reaction
EUR / USD has reached new one-month highs at 1.1907, specifically since last June 30. At time of writing, the pair is trading above 1.1905, earning 0.15% daily.
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