Inflation in the Eurozone in August was stable at the same level year-on-year as the previous month, defying forecasts of a slowdown.
Much cheaper energy prices were partially offset by higher prices
for unprocessed food and services. Inflation rose by 0.2% in August,
whereas the markets had predicted 0.1%.
If the volatile energy and unprocessed food figures are stripped
out, Eurozone core inflation in August was 0.9%, again the same as in
July.
Low inflation means less pressure on interest rates to rise, but
once the oil price crash has worked its way through the system, it will
likely pick up again.
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Source: Euronews
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