Investing.com – The annualized rate of consumer price inflation in the euro zone declined in line with expectations in August, official data showed on Wednesday.
In a report, Eurostat said that CPI declined in line with expectations, falling to a seasonally adjusted 1.6% in August, after rising 1.7% in July, whose figure was revised up from 1.6%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose more-than-expected, rising by a seasonally adjusted 1.0% in August, after rising 1.0% in July.
Analysts had expected core CPI to increase by 0.9% in August.
Following the release of the data the euro was down against the U.S. dollar, with EUR/USD shedding 0.23% to hit 1.2968.
Meanwhile, European stock markets also were lower. France’s CAC 40 slid 0.12%; Germany's DAX shed 0.17%; Britain's FTSE 100 slipped 0.10%; and the EURO STOXX 50 fell 0.19%.
In a report, Eurostat said that CPI declined in line with expectations, falling to a seasonally adjusted 1.6% in August, after rising 1.7% in July, whose figure was revised up from 1.6%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose more-than-expected, rising by a seasonally adjusted 1.0% in August, after rising 1.0% in July.
Analysts had expected core CPI to increase by 0.9% in August.
Following the release of the data the euro was down against the U.S. dollar, with EUR/USD shedding 0.23% to hit 1.2968.
Meanwhile, European stock markets also were lower. France’s CAC 40 slid 0.12%; Germany's DAX shed 0.17%; Britain's FTSE 100 slipped 0.10%; and the EURO STOXX 50 fell 0.19%.