"Eurozone inflation rose to 2.1% in August, slightly above expectations of 2%. The rise was driven by volatile food inflation and a further slowdown in the rate of energy price deflation. Services inflation slowed to 3.1%, down from 3.2% in July, while core inflation was flat on the month, supporting the European Central Bank's assessment of a disinflationary trend in the currency bloc."
"The rise was driven by volatile food inflation and a further slowdown in the rate of energy price deflation. Services inflation slowed to 3.1%, down from 3.2% in July, while core inflation was flat on the month, supporting the European Central Bank's assessment of a disinflationary trend in the currency bloc. With headline inflation hovering around the 2% inflation target and medium-term risks to inflation tilted to the upside, we expect the ECB to keep rates unchanged at its meeting later this month."
Eurozone headline inflation increased to 2.1% in August, slightly above the 2% expectation. The uptick was driven by volatile food inflation and a further slowdown in the rate of energy price deflation. Services inflation decelerated to 3.1% from 3.2% in July, while core inflation was flat on the month, indicating moderating underlying price pressures. Headline inflation remains close to the ECB's 2% target, and medium-term inflation risks are tilted to the upside. These factors support the expectation that the European Central Bank will keep policy rates unchanged at its next meeting.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]