Investing.com - Consumer price inflation in the euro zone was unchanged from a preliminary estimate in July, holding at the lowest level since October 2009, official data showed on Thursday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 0.4% last month, in line with expectations and unchanged from a preliminary estimate. Euro zone inflation rose by 0.5% in June.
The rate remains firmly below the European Central Bank's target of near but just below 2%.
Month-over-month, consumer prices declined 0.7% last month, compared to forecasts for a 0.6% drop and following a 0.1% gain in June.
Core CPI, which excludes food, energy, alcohol, and tobacco costs rose by a seasonally adjusted 0.8% in July, meeting forecasts and unchanged from an initial estimate.
Following the release of the data, the euro turned higher against the U.S. dollar, with EUR/USD rising 0.04% to trade at 1.3369, compared to 1.3359 ahead of the data.
Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 declined 0.7%, France’s CAC 40 dipped 0.45%, London’s FTSE 100 inched up 0.15%, while Germany's DAX slumped 0.4%.