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Eurozone CPI drops below forecasts in August

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Staff Writer | August 31, 2018
Euro zone economic
Europe   The pace of gains in core CPI retreated from 1.1% to 1.0%

Inflation pressures in the single currency bloc ebbed in August, amid broad-based declines outside of processed food, alcohol and tobacco.

According to Eurostat, the year-on-year rate of change in the euro area's consumer price index slipped from 2.1% for July to 2.0% last month.

The pace of gains in core CPI, which excludes energy, food, alcohol and tobacco prices retreated from 1.1% to 1.0%.

The rate of advance in processed food, alcohol and tobacco prices was unchanged last month at 2.4%, but that for unprocessed food dipped by one tenth of a percentage point to 2.5%.

Energy cost increases also slowed, from 9.5% to 9.2%, while those for non-energy industrial goods advanced at a clip of 0.3%, versus 0.5% in July.


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