Investing.com – Consumer price inflation in the euro zone held steady in line with expectations in August, official data showed on Thursday.
In a report, Eurostat said consumer price inflation held steady at 2.5% in August, unchanged from the previous month and broadly in line with market expectations.
Month-on-month, CPI rose 0.2%, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose by a seasonally adjusted 1.2%, broadly in line with market expectations.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD edging 0.11% higher to trade at 1.3770.
Meanwhile, European stock markets were sharply higher. The EURO STOXX 50 jumped 2.2%, France’s CAC 40 rose 2%, Germany's DAX surged 2.2%, while the FTSE 100 climbed 1.5%.
In a report, Eurostat said consumer price inflation held steady at 2.5% in August, unchanged from the previous month and broadly in line with market expectations.
Month-on-month, CPI rose 0.2%, in line with expectations.
Core CPI, which excludes food, energy, alcohol, and tobacco costs, rose by a seasonally adjusted 1.2%, broadly in line with market expectations.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD edging 0.11% higher to trade at 1.3770.
Meanwhile, European stock markets were sharply higher. The EURO STOXX 50 jumped 2.2%, France’s CAC 40 rose 2%, Germany's DAX surged 2.2%, while the FTSE 100 climbed 1.5%.