European statistics office Eurostat has said inflation in the 19 countries sharing the euro currency remained stable in July.

 

 Eurostat confirmed Thursday that its earlier estimate of annual inflation in the euro zone at 1.3 percent, with price rises excluding energy and unprocessed food. While European price rises are still below the ECB's target of close to but below 2 percent per year, core inflation has increased from 1.2 percent in June. Meanwhile, Eurostat added that exports from the euro zone increased by 3.9 percent in June compared to that last year, while imports were up 6.2 percent.