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Eurozone's Annual Inflation Rate Confirmed at 2.9% in July

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Annual inflation rate in the euro area ticked up to 2.9% in July from 2.8% in the previous month, according to final data from Eurostat published Wednesday.

The final reading is consistent with the flash estimate.

On a monthly basis, consumer prices were 0.2% higher, matching the preliminary reading.

Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.5%, in line with the initial reading and above the previous month's 2.4%. Month over month, core consumer prices were flat, matching the preliminary estimate.

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