Inflation & Prices
Euro-Zone Inflation Slumps to 3-Year Low, Backing Rate Cut
- Consumer prices rise 2.2% in August; economists saw 2.2%
- Investors betting on second rate reduction by ECB on Sept. 12
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Euro-area inflation plunged to the lowest level since mid-2021 – reinforcing arguments for another cut in interest rates by the European Central Bank in less than two weeks.
Consumer prices rose 2.2% from a year ago in August, Eurostat said Friday. That was significantly lower than July’s 2.6% and matched the median estimate of analysts in a Bloomberg survey.