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A customer stands in front of a fruit and vegetable stall at an open-air market in Paris on July 15, 2025.<\/p>\n
Behrouz Mehri | Afp | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Euro zone inflation was unchanged at a higher-than-expected 2% in July, flash data from statistics agency Eurostat showed Friday.<\/p>\n
Economists polled by Reuters had expected the figure to hit 1.9%, after a 2% reading in June.<\/a><\/p>\n So-called core inflation, which strips out more volatile food, energy, alcohol and tobacco prices, came in at 2.3% in July, the same level as during the previous two months, Friday’s data showed.<\/p>\n The closely watched services print meanwhile eased to 3.1% in July after picking up slightly to 3.3% in June.<\/p>\n Following the data release, the yield on Germany’s 10-year bond was more than one basis point higher, while the French 10-year bond yield was up by less than one basis point.<\/p>\n The inflation figures follow on the footsteps of indications earlier this week that showed the euro zone economy<\/a> expanded by a better-than-expected 0.1% in the second quarter, which was nevertheless sharply down on the 0.6% growth of the three months to the end of March.<\/p>\n Analysts interpreted the data as Europe’s economy so far showing resilience in the face of U.S. President Donald Trump’s tariff policies. The European Union and Washington recently inked a trade agreement which includes a 15% baseline levy for EU goods bound for the U.S. Sectoral tariffs and temporarily reduced so-called reciprocal duties have already been in play.<\/p>\n Duties are widely expected to weigh on economic growth, including in the euro zone, and affect prices of goods for U.S. consumers. Their impact on inflation in Europe remains uncertain.<\/p>\n