(ANSA-AFP) - BRUSSELS, AUG 30 - Eurozone inflation fell to
its lowest level in more than three years this month thanks to
falling energy costs, official data showed on Friday, raising
expectations of a European Central Bank interest-rate cut.
Consumer price rises slowed to 2.2 percent in August compared to
the same month last year after reaching 2.6 percent in July,
closing in on the European Central Bank's two-percent target.
The August rate was the lowest since July 2021 and in line with
expectations by analysts for FactSet and Bloomberg. But core
inflation, which strips out volatile energy, food, alcohol and
tobacco prices and is a key indicator for the bank, cooled
slightly to 2.8 percent in August from 2.9 percent in July,
Eurostat said. Friday's data will provide some relief after
inflation unexpectedly edged up in July. (ANSA-AFP).
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