Eurozone: Inflation stable in August
August 30, 2019
According to a preliminary estimate released by Eurostat on 30 August, harmonized inflation was unchanged at July’s 1.0% in August. The result is below the European Central Bank’s target rate of near, but under, 2.0%. Rises in the prices for food, alcohol and tobacco, and services was offset by a drop in energy prices.
Core inflation, which excludes volatile energy and unprocessed foods prices, was also unchanged at July’s 1.1% in August.
A complete set of data for harmonized inflation will be released 18 September.