Group 1 - The Eurozone's inflation rate for July is reported at 2.0% year-on-year, unchanged from June, aligning with the European Central Bank's medium-term target [1] - Food and tobacco prices increased by 3.3%, service prices rose by 3.1%, and non-energy industrial goods prices went up by 0.8%, while energy prices decreased by 2.5% [1] - The core inflation rate, excluding energy, food, and tobacco, remains steady at 2.3% for July, consistent with June [1] Group 2 - Major Eurozone economies reported varying inflation rates for July: Germany at 1.8%, France at 0.9%, Italy at 1.7%, and Spain at 2.7% [1] - The European Central Bank noted that the inflation rate has reached the 2% medium-term target, with most long-term inflation expectations also around 2%, supporting price stability [1] - The chief economist of ING, Bert Colijn, indicated that the short-term inflation environment in the Eurozone is relatively mild, which helps maintain price stability, but global trade tensions pose a risk of renewed inflation [1]

Group 1 - The Eurozone's inflation rate for July is reported at 2.0%, remaining stable compared to June and aligning with the European Central Bank's medium-term target [1] - Food and tobacco prices increased by 3.3%, service prices rose by 3.1%, and non-energy industrial goods prices went up by 0.8%, while energy prices decreased by 2.5% [1] - The core inflation rate, excluding energy, food, and tobacco, is also stable at 2.3% for July [1] Group 2 - Major Eurozone economies reported varying inflation rates for July: Germany at 1.8%, France at 0.9%, Italy at 1.7%, and Spain at 2.7% [1] - The European Central Bank noted that the inflation rate has reached the 2% medium-term target, with most long-term inflation expectations remaining around 2% [1] - The chief economist of ING, Bert Colijn, indicated that the short-term inflation environment in the Eurozone is relatively mild, which supports price stability, but global trade tensions pose a risk of renewed inflation [1][2]

Core Viewpoint - The European Central Bank's Governing Council member, Centeno, stated that the inflation rate in the Eurozone is expected to continue declining and will approach 1% by early 2026 [1] Group 1 - The Eurozone inflation rate is projected to decrease further [1] - By early 2026, the inflation rate is anticipated to be close to 1% [1]

Core Viewpoint - Economists highlight ongoing uncertainty regarding tariffs, suggesting that the end of the European Central Bank's (ECB) monetary easing cycle cannot be confidently asserted at this time [1] Group 1: Economic Conditions - The June interest rate cut has largely been priced in by the market, but the clarity of this decision would have been different without U.S. trade policies [1] - The Eurozone's inflation rate remains low, yet price pressures have not completely dissipated, as evidenced by a significant rise in core inflation in April [1] Group 2: Future Monetary Policy - Under normal circumstances, the ECB's governing council would likely pause monetary easing policies, but further rate cuts later this year would signal that policymakers believe the economy requires additional stimulus to sustain itself [1]

Core Viewpoint - The Eurozone's inflation rate in April remained at 2.2%, exceeding the expected 2.1%, complicating the European Central Bank's (ECB) monetary policy decisions [1] Group 1: Inflation Data - Eurozone inflation has been above the ECB's target of 2% for six consecutive months [1] - The ECB's recent decision to lower interest rates by 25 basis points to 2.25% was influenced by concerns over economic growth due to escalating trade tensions from Trump's tariff agenda [1] Group 2: Economic Performance - The Eurozone economy grew by 0.4% in the first three months of the year, which was better than expected [1] - However, the announcement of "reciprocal tariffs" by Trump has since weakened the economic outlook for the region [1]