Eurozone August Inflation Rate Confirmed at 4-Month High


Consumer prices in the Euro Area increased by 1.5 percent year-on-year in August 2017, in line with the preliminary estimate and following a 1.3 percent gain in the previous month. It was the highest inflation rate since April, boosted by a jump in energy prices.

Year-on-year, energy prices jumped 4 percent after rising by 2.2 percent in July. Additional upward pressure came from: Processed food, alcohol and tobacco (2 percent from 1.9 percent in July); services (1.6 percent, the same as in July); unprocessed food (0.6 percent, the same as in July); and non-energy industrial goods (0.5 percent, the same as in July).

Among Eurozone's largest economies, the highest annual rate was registered in Spain (2 percent), followed by Germany (1.8 percent), Italy (1.4 percent) and France (1 percent). 

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1.2 percent, unchanged from July.

On a monthly basis, consumer prices rose 0.3 percent, in line with market consensus and after dropping 0.5 percent in July.

Eurozone August Inflation Rate Confirmed at 4-Month High


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/18/2017 9:17:25 AM