Eurozone inflation figures see drop in August, edging nearer to ECB 2% target
Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%. View on euronews
Eurozone inflation rate in August confirmed at over 3-year low
The eurozone's annual consumer inflation rate in August slowed to more than 3-year low of 2.2% matching initial estimate, according to a second reading released on Wednesday. The figure was down from 2.4% in July, Eurostat data showed. Core inflation, excluding volatile food and energy prices, eased to 2.8% in August compared to 2.9% a month ago.
Eurozone inflation falls to 2.2% after ECB interest rate cuts
Inflation in the eurozone fell to a three-year low of 2.2% in the year to August, confirming a flash estimate two weeks ago. However, it still remains above the European Central Bank’s (ECB) 2% target despite the ECB cutting interest rates.
Eurozone Inflation Confirmed At 2.2%
Eurozone inflation slowed in August, as initially estimated, revised data from Eurostat showed on Wednesday. The harmonized index
August inflation data takes BoE September rate cut off the table
In August, the key measures of annual underlying inflation rebounded, while headline inflation was flat. Both headline and services inflation still undershot the BoE’s most recent forecasts, so the release does not undermine the bank’s strategy of implementing further cuts later this year.
UK inflation holds at 2.2% in August as BoE considers rates
LONDON (Reuters) -British inflation stood at an annual rate of 2.2% in August, unchanged from July, but price growth in the services sector - closely watched by the Bank of England - picked up, official figures showed on Wednesday.
Inflation rate holds steady in August at 2.2%
Inflation has held steady at 2.2% in the year to August, according to official figures. The latest figure means inflation remains slightly above the Bank of England’s target of 2%. This breaking news story is being updated and more details will be published shortly.
Bank of Canada Welcomes 2% Inflation, Pivoting Focus to Growth
The Bank of Canada’s No. 2 official says inflation returning to 2% in August is welcome news for policymakers, who are now increasingly focused on downside risks and spurring economic growth.
UK inflation unchanged at 2.2% in August
British inflation stood at an annual rate of 2.2% in August, unchanged from July, official figures showed on Wednesday. A Reuters poll of economists had forecast annual consumer price inflation would remain at 2.
UK inflation comes in at 2.2% for August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday. The headline consumer price index (CPI) reading matched analyst expectations, according to economists polled by Reuters,
Inflation rate fell to 2% in August, hitting Bank of Canada's target
Fuel prices and housing costs have helped drive down inflation says Canadian Centre for Policy Alternatives senior economist Mark Lee.
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