Economics
Europe Inflation Held Steady in August Amid Weakening Recovery
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European inflation held steady in August as a faltering recovery and retreating energy costs eased price pressures across the 17-nation euro region.
The inflation rate held at 2.5 percent, the same rate as in July, the European Union’s statistics office in Luxembourg said today. That matches an initial estimate on Aug. 31 and the median estimate of 30 economists in a Bloomberg News survey. Euro-region payrolls rose 0.3 percent in the second quarter from the first, when they increased 0.1 percent, a separate release showed.