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Euro zone: inflation continues to slow and reached 5.3% in July

The annual inflation rate in the euro zone continued to fall in July, falling to 5.

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Euro zone: inflation continues to slow and reached 5.3% in July

The annual inflation rate in the euro zone continued to fall in July, falling to 5.3% after 5.5% in June and 6.1% in May, thanks to a further decline in oil prices. energy, Eurostat announced on Monday.

The rise in consumer prices, however, remains particularly high in food (10.8%, against 11.6% in June), according to detailed data from the European statistics office. The inflation rate remains well above the 2% target set by the European Central Bank (ECB).

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