Daily Management Review

Analysts: Inflation in eurozone countries goes up once again


The rate of inflation in the nations that make up the eurozone has stopped declining; in August, it was 5.3%, above economists' projections.

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According to preliminary Eurostat data, the annual inflation rate in 20 eurozone countries stopped decreasing in August and stayed the same at 5.3%. the inflation rate expected by analysts surveyed by Reuters was 5.1%.

Energy prices were the main cause of inflation; although they increased by 3.2% over the course of the month, they continued to fall annually (by 3.3% as opposed to 6.1% in July).

Core inflation, which excludes prices for items including energy, food, alcohol, and cigarettes, has decreased from 5.5% in July to 5.3% in August.

source: dailyfx.com