At 11:00 (GMT+2), the July data on the consumer price index in the EU countries will be released. It is the main indicator of inflation in the region and determines the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, and healthcare, having a significant impact on the decisions of the authorities on monetary policy. The consumer price index is expected to fall from 5.5% to 5.3% YoY and from 0.3% to –0.1% MoM, while the core value will fall from 0.4% to −0.1% MoM and remain at 5.5% YoY.
