Inflation according to the measure KPI rose to 2.1 percent in the euro zone in August, shows a report from the statistics office Eurostat.
This can be compared to 2.0 percent in July and an average forecast among analysts of 2.1 percent in August.
The so-called core inflation in August – where energy and food prices have been counted out – was 2.3 percent according to Eurostat. The same level as in July. Here, the average forecast was 2.2 percent.
The European Central Bank ECB's inflation target is 2.0 percent. And most assessors expect that the ECB's board of directors, with the head Christine Lagarde, will decide to leave the interest rates unchanged at the next meeting on September 11 – just like the ECB did at the last meeting in July.
