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MNI: EUROZONE DATA: Flash HICP (Aug 2019)............>

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MNI (London)
MNI: EUROZONE DATA: Flash HICP (Aug 2019)
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- As expected by the markets, EZ HICP held steady at 1.0%, so still no been
lower since since Nov 2016
- Core infl (HICP ex. energy, food, alcohol & tobacco) remained unchanged at
0.9% in Aug, in line with market expectations
- While prices for services (1.3% after 1.2%) and food, alcohol & tobacco (2.1%
after 1.9%) saw annual increases.
-Non-energy indust goods prices (0.4%) held steady and energy price (-0.6% after
0.5%) fell in Aug
- Core inflation should continue to fluctuate around the 1% mark this year, far
short of the ECB's comfort zone and a key motivation for the expected easing of
monetary policy in Sep.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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