Euro area inflation turns negativeChristian Fernsby ▼ | September 1, 2020
The Eurozone consumer prices are projected to fall to -0.2% in August, down from 0.4% in July, turning to negative for the first time in four years, the bloc’s statistic office announced Tuesday.
Euro area Eurozone
Looking at the main components of euro area inflation, food, alcohol and tobacco are expected to have the highest annual rate with 1.7% in August, compared to 2% in July.
These followed by services with 0.7%, non-energy industrial goods -0.1%, and energy with -7.8%. ■