Eurozone CPI rises above ECB ceiling

GERMANY - Consumer price inflation in the eurozone rose above the European Central Bank's 2 per cent ceiling in August, weakening any hopes of a rate cut in the near future.

A preliminary estimate from Eurostat on Friday showed inflation at an annual 2.1 per cent in August compared with 1.9 per cent in July, beating economists' forecasts of a rise to 2 per cent.

The flash estimate is based on figures from Germany and Italy, the largest and third largest eurozone economies, and oil price

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.