Economics
Euro-Area Inflation Gathers Pace as ECB Weighs Future Stimulus
- CPI rises 1.5% in August, exceeding economists’ forecast
- ECB’s next policy announcement scheduled for Sept. 7
Matus, Yardeni on Rising Inflation and the ECB
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Inflation in the euro area picked up more than economists predicted though underlying cost pressures failed to accelerate, underscoring the European Central Bank’s struggle for price stability just days before officials debate the future of their stimulus program.
Consumer prices rose 1.5 percent in August after 1.3 percent in July, the European Union’s statistics office said on Thursday. That’s the highest reading in four months and exceeds the median forecast of 1.4 percent in a Bloomberg survey.