Deflation Instead of inflation in the euro area

By: Trademagazin editor Date: 2020. 09. 03. 11:05

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Instead of the modest inflation expected by analysts, there was deflation in the eurozone in August.

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)