Euro Zone Inflation Hold Steady at 0.2% in August

Euro zone annual inflation came in at 0.2 percent in August on Monday, marking a stable reading for the second month in a row.

Price gains across the euro zone held steady at 0.2 percent year-on-year, according to a flash estimate from Eurostat, the statistical office of the European Union. This was marginally better than forecast, with analysts polled by Reuters expecting a 0.1 percent gain.

The last gain to year-on-year inflation was clocked in May, when prices rose by a still-mild 0.3 percent.

Low energy prices were a major drag on August inflation. Oil and gas prices across the euro zone saw a year-on-year decline of 7.1 percent.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza