India, Aug. 1 -- Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing.
The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
Core inflation that excludes prices of energy, food, alcohol and tobacco also remained stable in July, at 2.3 percent.
Among main categories of HICP, prices of food, alcohol and tobacco registered a faster growth of 3.3 percent following a 3.1 percent rise. Growth in non-energy industrial goods prices increased to 0.8 percent from 0.5 percent.
Meanwhile, energy prices fell 2.5 percent after a 2.6 p...