Forex

Eurozone Inflation Accelerates to 2.9% Amid Iran Conflict-Driven Energy Surge

Guavy AI Editorial Team Published July 31, 2026

Instruments

EUR

The Eurozone's inflation rate accelerated to 2.9% in July, exceeding market expectations and marking the first increase in two months.

The growth rate expanded by 0.1 percentage points from June's 2.8%, with energy costs being the primary driver of price increases.

Crude oil prices surged against the backdrop of escalating conflict involving Iran, pushing the energy sector's growth rate up to 10.0% from 8.5% in the previous month.

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