EuroZone’s inflation fell in August

Inflation across the eurozone unexpectedly weakened in August, raising hopes among economists that the European Central Bank will eventually expand its already massive bond-buying program to combat the economic risks associated with too-weak prices.

The annual rate of inflation declined to 0.1 percent in August from 0.2 percent July, the European Union’s statistical office said Wednesday. That marks a downward revision to Eurostat’s flash estimate of 0.2 percent and pushes annual inflation further away from the ECB’s target of just below 2 percent. (MTI)