Deflation Instead of inflation in the euro area

The European Union’s statistical office, Eurostat, on Tuesday said as preliminary data that consumer prices fell 0.2 percent year-on-year in August after rising 0.4 percent in July.

Experts predicted a 0.2 percent rise in consumer prices in August.
Deflation in August was caused by energy prices falling by 7.8 percent, while price increases for other product categories slowed year-on-year compared with July. (MTI)