Inflation in the eurozone remains stable at 2%

The European Central Bank is due to meet again next month in order to discuss inflation, the ongoing economic outlook and whether further interest rate cuts are justified

Last month, food, alcohol, and tobacco prices across the EU increased by 3.3%. File picture

Inflation across the eurozone held steady at 2% in July despite an increase in the cost of food and alcohol, as well as services, new data from Eurostat shows.

According to the data, last month food, alcohol, and tobacco prices across the EU increased by 3.3%, with the cost of services increasing by 3.2% compared to last year. Energy prices on the other hand declined by 2.4% compared to last year.