Eurozone inflation softened in January as initially estimated, largely due to the falling energy prices, final data from Eurostat revealed on Thursday. The harmonized index of consumer prices rose 2.
European stocks closed notably lower on Wednesday on concerns about rising inflation in several countries across Europe, and hawkish comments from ECB policymakers, as well as doubts of the Federal Reserve cutting interest rates anytime soon.
Eurozone inflation ceased slowed in August on energy prices but underlying inflation eased due to the slowdown in goods and services price growth, flash data from Eurostat showed on Thursday.
Regardless of the impact of interest rate hikes, the euro area economy expanded more than expected in the second quarter, underpinned by the out-performance of the Irish and French economies, official data showed Monday.
Eurozone inflation eased sharply to a 15-month low in May largely due to a fall in energy prices, flash data from Eurostat showed on Thursday. Inflation eased to 6.