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16 Sep 2015
Euro zone CPI posts zero growth in August on monthly basis
FXStreet (Mumbai) - Euro area inflation remained markedly subdued in August, Eurostat confirmed in a final reading on Wednesday, in a sign that the European Central Bank's (ECB) bond purchase program failed to combat plunging energy prices.
Consumer prices in the 19-nation euro bloc grew 0.1% on an annual basis in August, the highly anticipated final headline CPI from Eurostat revealed. In July the gauge registered a 0.2% growth. A preliminary print showed the reading intact in August for the third straight month.
Meanwhile, the core CPI, stripped of alcohol, tobacco, food and energy, rose 0.9% y/y in August, following the 1.0% hike seen in July.
On a monthly basis, consumer prices posted zero growth, rebounding from the 0.6% fall seen previously.
Consumer prices in the 19-nation euro bloc grew 0.1% on an annual basis in August, the highly anticipated final headline CPI from Eurostat revealed. In July the gauge registered a 0.2% growth. A preliminary print showed the reading intact in August for the third straight month.
Meanwhile, the core CPI, stripped of alcohol, tobacco, food and energy, rose 0.9% y/y in August, following the 1.0% hike seen in July.
On a monthly basis, consumer prices posted zero growth, rebounding from the 0.6% fall seen previously.