Skip to Navigation Skip to Posts Skip to Content
🇪🇺 The eurozone's inflation problem is arriving at exactly the wrong moment
The week in view

🇪🇺 The eurozone's inflation problem is arriving at exactly the wrong moment

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Eurozone inflation climbed to 2.9% in July on a 10.0% jump in energy prices, even as GDP grew 0.4% quarter-on-quarter and the composite PMI hit a nine-month high of 52.1. Markets are now pricing a possible ECB rate hike at the September 10 meeting.

Eurostat choropleth map of EU annual inflation rates in July 2026, with country values from 0.3% to 8.2% and euro-area average 2.9%.
July HICP still spans a wide EU range, from 0.3% in Sweden to 8.2% in Romania, even as the euro-area average edged up to 2.9% on energy. Source

Read next

Pro tier The Strategy

📈 The Strategy: 2026-08-27

3 min read
Pro tier The Watchlist

📑 The Watchlist: 2026-08-27

2 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.