Euro-zone inflation stabilized at 0.2% in August

Eurozone inflation remained stable in August, showed on Wednesday preliminary estimates from Eurostat.

Inflation remained unchanged at 0.2 percent in August, while economists had expected the index to rise marginally to 0.3 percent.

Inflation remains below the target level of the European Central Bank “below but close to 2 percent’ since the beginning of 2013.

Core inflation, which excludes energy, food, alcohol and tobacco) declined slightly to 0.8 percent from 0.9 percent in July. Core inflation was expected to remain at 0.9 percent.

Energy prices in August fell by 5.7%. Prices for food, alcohol and tobacco rose 1.3 percent, and the cost of services rose 1.1 percent. The prices of non-energy industrial goods rose only 0.3 percent.

Euro-zone inflation stabilized at 0.2% in August 31.08.2016

Share with traders

Share to Google Plus
Share to LiveJournal
Share to MyWorld
Share to Odnoklassniki