Inflation in the eurozone area is expected to have dropped to 2.2% in August, according to a flash estimate by Eurostat, the statistical office of the European Union.
The figure was 0.4 percentage points lower than the month prior, with several highly inflationary components down for the period. Energy linked inflation hit -3% in August, down from 1.2% the previous month, while non-energy industrial goods came in at 0.4% versus 0.7% in July. Services inflation however, was the largest overall contributor, with an uptick to 4.2% versus 4% in July, followed by food, alcohol and tobacco at 2.4%. City predicts higher UK inflation despite strongest economic growth since post-lockdown spike The figures supported ongoing calls that the European Cent...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
