Tags: APFN | EU | Europe | Economy

Eurozone Inflation Picks up but Remains below Target

Thursday, 31 August 2017 05:54 AM EDT

BRUSSELS (AP) — Official figures show that inflation across the 19-country eurozone spiked up to a four-month high of 1.5 percent in the year to August largely because of higher energy costs.

The increase from the previous month's 1.3 percent was anticipated in financial markets but still means that inflation remains below the European Central Bank's goal of just below 2 percent.

As a result, most economists think the ECB will play it safe at next week's policy meeting and hold off from any big announcement on how it will rein in its monetary stimulus program despite the eurozone's pick-up in growth.

Eurostat also reported Thursday that the core rate, which strips out potentially volatile items such as food and energy, was unchanged at 1.2 percent, a sign of stubborn inflation pressures.

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Europe
Official figures show that inflation across the 19-country eurozone spiked up to a four-month high of 1.5 percent in the year to August largely because of higher energy costs.The increase from the previous month's 1.3 percent was anticipated in financial markets but still...
APFN,EU,Europe,Economy
131
2017-54-31
Thursday, 31 August 2017 05:54 AM
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