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(MNI) LONDON
(MNI) London
Inflation in the eurozone hit a near-decade high of 3.0% in August, unrevised from the flash estimate released earlier this month. The HICP rose by 0.4% between July and August, in line with the last estimate.
Core inflation increase by 0.3% in August, or by 1.7% over the same month a year earlier, the fastest pace since July 2012. Despite the surge in headline prices, European Central Bank officials have taken a relaxed attitude toward inflation surging above its target of 2.0%. Earlier this week, both President Christine Lagarde and Chief Economist Philip Lane have stressed that inflation is forecast to slip back below target in 2022.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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