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Eurozone: Annual inflation stands at 5.2% in August compared to the expected 5.3%

He Eurozone Consumer Price Index (CPI) has moderated by one tenth in August, placing it at 5.2% after registering 5.3% in July. The figure improves market expectations, which expected the CPI to remain at 5.3%. This is the lowest inflation rate seen by the indicator since January 2022.

Monthly inflation has risen to +0.5% in August from -0.1% in July, improving consensus forecasts, which estimated an increase of 0.6%.

He Annual core CPI has dropped to 5.3% in August from 5.5% previously, as expected. On a monthly basis it has jumped to 0.3%, as expected, from -0.1% in July.

EUR/USD reaction

EUR/USD has barely reacted after the inflation data. The pair is trading around 1.0686, losing 0.05% daily, although it is not far from the three-day highs reached yesterday at 1.0698.

Source: Fx Street

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