(Reuters) – Inflation in the euro zone remained stable in August, in accordance with the target of 2% set by the European Central Bank (ECB), which further strengthens the arguments in favor of a status quo on interest rates.
The consumer price index calculated to European standards (IPCH) in the 20 countries sharing the euro comes out at +2.0% in August at an annual rate, as in July, according to the final version published Wednesday by Eurostat.
It is slightly lower than the first estimate, which indicated an increase at 2.1% in August.
Over a month, inflation stands at 0.1%, while the analysts interviewed by Reuters tapped on an increase of 0.2%.
The underlying inflation, a very supervised measure which excludes the volatile prices of food and fuel, is confirmed at 2.3%.
The European Central Bank (ECB), as expected, left its guiding rates unchanged last week, believing that the block economy is “in good place”, which led operators to brake their bets on a new upcoming drop in loan costs.
(Written by Diana Mandiá, edited by Augustin Turpin)
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