The flash estimate of the Eurozone consumer price index for July, released by the European Union's statistical office, rose 2.9% from a year earlier, matching market expectations. Energy prices re-accelerated with a 10.0% increase, while food, alcohol and tobacco slowed to a 1.2% rise. The core index, which excludes volatile energy and food, accelerated to a 2.5% increase. Among major countries, Germany rose 2.8%, France 2.4%, and Spain 3.8%, while Italy edged down to 2.9%.