Eurozone inflation comes in softer than expected in August, at 2%
Euronews · Just In
Euronews
Just In
Inflation is now in line with the target set by the European Central Bank. As economic growth remains robust, more rate cuts from the ECB aren't likely to come soon.
Breakdown
- Eurozone inflation reached 2% in August, meeting the ECB's target.
- Price growth has remained steady since June, with food, alcohol, and tobacco up 3.2%. 14s
- Non-energy industrial goods rose 0.8%, while energy prices fell by 2%. 27s
- The ECB recently kept its key deposit rate unchanged at 2%. 38s
- ECB President Christine Lagarde stated future decisions will depend on economic performance. 49s