Eurozone August Inflation Rate Confirmed at 2%

The annual inflation rate in the Euro Area was confirmed at 2 percent in August 2018, slightly below the previous month's five-and-a-half-year high of 2.1 percent, as prices rose at a softer pace for services, energy, non-energy industrial goods and unprocessed food.

Prices rose at a softer pace for services (1.3 percent vs 1.4 percent in July); energy (9.2 percent vs 9.5 percent); non-energy industrial goods (0.4 percent vs 0.5 percent); and unprocessed food (2.5 percent vs 2.6 percent). Meanwhile, processed food, alcohol & tobacco inflation was unchanged at 2.4 percent.

Among Eurozone's largest economies, the highest annual rate was registered in France (2.6 percent), followed by Spain (2.2 percent), Germany (1.9 percent) and Italy (1.6 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1 percent in August, below the previous month's final reading of 1.1 percent.

On a monthly basis, consumer prices rose 0.2 percent in August, rebounding from a 0.3 percent fall in July and matching market consensus.

Eurozone August Inflation Rate Confirmed at 2%

Eurostat | Joana Ferreira |
9/17/2018 9:16:48 AM