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Euro Zone Inflation edges down in August, Core CPI increases |
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FXstreet.com (Barcelona) – Consumer prices have eased somewhat in August on softer increases by food prices, although the Core CPI has shown a slight increase, according to data released by Eurostat.
Euro Area Inflation has eased to a 3.8% year on year pace from 4.0% in July, while prices have edged down 0.1% from July to August, figures broadly in line with the experts’ expectations. Nevertheless, prices remain well above the 2% upper level of the ECB’s margin for price stability for the 12th consecutive month.
Food prices have started to slow down their growing pace in August, posting a 6.2% year on year increase, down from the 6.7% increase posted in July, although food and energy have been again the largest inflationary contributors.
Excluding food and energy, prices have increased 0.3% month on month and 1.9% on the year, up from the 1.7% yearly increase posted in July.
Posted originally: 9/16/2008 9:15:00 AM
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