Euro Area Inflation Rate Confirmed at 0.2% in August


Consumer prices in the Euro Area went up 0.2 percent year-on-year in August of 2016, the same as in the previous month. Figures came in line with preliminary estimates, remaining well below the ECB’s 2 percent target.

The largest upward impacts came from prices of restaurants and cafés (+1.5 percent), fruit (+5.9 percent) and vegetables (+4.5 percent), while cost of fuels for transport (-7.4 percent), heating oil (-15.6 percent) and gas (-6 percent) declined.

Among member states, the highest annual rates were recorded in Belgium (2 percent), Estonia (1.1 percent) and Malta (1 percent) while the lowest were seen in Slovakia (-0.8 percent), Cyprus (-0.6 percent) and Ireland (-0.4 percent).

Core inflation which excludes energy, food, alcohol and tobacco was 0.8 percent, below 0.9 percent in July. Excluding fuel only, the inflation also eased to 0.9 percent from 1 percent in July.  

Compared with the previous month, consumer prices edged up 0.1 percent. 

Euro Area Inflation Rate Confirmed at 0.2% in August


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2016 9:22:00 AM