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European consumers face higher prices when going to a supermarket.
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In August, inflation in the euro area increased to 2.1%, according to the latest data from the Eurostat Statistics Agency on Tuesday.
Economists interviewed by Reuters expected the tariff to remain unchanged from July by 2%.
The main inflation that deprives more flying food, energy, alcohol and tobacco has not changed with 2.3%in July.
In August, printed services were slightly lower, 3.1% compared to 3.2% in July.
By 2.1%, the last euro -zone inflation is only slightly higher than the target of the European Central Bank of 2%.
The euro decreased by 0.6% to the dollar, at $ 1.1640. Pan -European Stoxx 600 traded 0.7% below Tuesday morning.
Central Bank held his key interest rate 2% in July and is expected to retain this position if it is next in September, according to most economists surveyed by Reuters.
EU Trade transaction with USASigned at the end of July, it removed uncertainty over the tariffs, although there are some problems that the EU’s 15% duty to the States could still weigh economic activities.
In the second quarter, the euro zone increased by 0.1%Compared to the previous quarter, the Eurostat data was shown in late July.
ECB speed is likely
A minor title device in August is unlikely to be of great importance for the ECB politicians when they meet, Andrew Kenningham, the chief economist of the Capital Economics, said Tuesday on Tuesday.
The ECB politicians “look necessarily to leave interest rates unchanged at the meeting next week and maybe for a few months for it,” he said in an email analysis.
“The most important thing for the ECB, the inflation of services has also decreased, from 3.2% in July to 3.1% in August. This is the lowest rate inflation from March 2022 and should provide assurances for politicians that the pressure on domestic prices continues to heal,” he said, predicting that infraral services were in the coming months.
“We will pre -view the future meeting of the ECB later a week, but in short, the bank is likely to leave tariffs for a while,” he said.
Irene Laura, Euro -Zone Schroders, agreed that the ECB would need its time considering the interest rate trajectory.
“When weakening uncertainty in trade, eurozone recovery is set up when firms increase borrowings and investments. In this environment, the ECB is likely to be cautiously stable in September. Sustainability in the main inflation supports our opinion that normalization of the policy is over, and the ECB will closely monitor the dynamics,” Email comments.
