Inflation in the euro area was 0.4%

Consumer prices in the euro area in July 2014 increased by 0.4% compared to the same month last year, according to final data of the Statistical Office of the European Union.

In the last month, inflation in the euro area was 0.5%.

Indicators in line with expectations, analysts surveyed by Bloomberg.

Energy prices fell in July to 1% after rising 0.1%. The cost of food, alcohol and tobacco products fell by 0.3% after the June decline of 0.2%.

Inflation excluding volatile factors such as energy prices, food and alcohol (index CPI Core, which tracks the European Central Bank), was 0.8% in July as in June.

From the previous month, consumer prices in the region fell in July by 0.7%, while the expected decrease of 0.6%. In May, an increase was recorded at 0.1%.

Inflation in Germany in July was 0.8% on an annualized basis, slowing from June’s 1%. In France, the figure has remained unchanged – 0.6%. Deflation in Greece was 0.8% compared to 1.5% in June.