Euro-Zone Inflation Stuck Above 5% May Keep ECB in Rate Quandary
- Consumer prices, growth data will be released on Monday
- ECB warned this week that ‘underlying inflation remains high’
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Euro-region inflation probably stayed stuck above 5% this month after an uneven quarter of economic growth, keeping officials in a quandary on whether to keep raising interest rates.
Consumer prices rose an annual 5.3% in July, according to the median forecasts of economists. Their estimates suggest that an underlying gauge stripping out volatile elements such as energy exceeded that measure for the first time since early 2021, reaching 5.4%.