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Economy And The Numbers

Eurozone Inflation Revised Down To 2%

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Eurozone consumer prices rose slightly less than initially estimated in August, final data published by Eurostat showed on Wednesday.

Consumer prices advanced 2.0 percent year-on-year, unchanged from the July's rate. However, the figure was revised down from 2.1 percent estimated on September 2.

The European Central Bank aims to keep inflation at 2 percent over the medium term.

Excluding prices of energy, food, alcohol and tobacco, core inflation remained unchanged at 2.3 percent. The rate also matched the preliminary estimate.

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