Euro area annual inflation down to -0.2% based on flash estimate

September 01, 2020

In August 2020, a month marked by the continued lifting of COVID-19 containment measures, the Euro area annual inflation rate is anticipated to be -0.02%, a decrease from 0.4% in July, based on a flash estimate from the statistical office of the European Union (Eurostat).

The largest contribution to the euro area inflation rate in August 2020 is expected to come from: food, alcohol & tobacco (1.7%, relative to 2.0% in July), followed by services (0.7%, relative to 0.9% in July), non-energy industrial goods (-0.1%, relative to 1.6% in July) and energy (-7.8%, relative to -8.4% in July).

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