Euro area's inflation rate expected to dip to 5.3% in July: Eurostat

Among the primary contributors to the Euro area inflation, non-energy industrial goods and energy saw contrasting trends. The inflation rate for non-energy industrial goods slipped to 5 per cent in July from 5.5 per cent in June.

Energy, on the other hand, recorded a deeper negative inflation rate of minus 6.1 per cent in July compared to minus 5.6 per cent in June, as per Eurostat.

ALCHEMPro News Desk (DP)