The August consumer price index inflation report for the entire euro area was an important reading due to take place in Europe this morning. However, since this was a revision, no major deviations from the preliminary values were to be expected. While the baseline confirmed the slowdown suggested in the preliminary report, the overall value showed a slowdown compared to the 5.3% YoY suggested in the preliminary report. However, it did not trigger a major reaction in the euro market.
Eurozone, CPI at the end of August
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- Main: 5.2% y/y vs. 5.3% y/y at first launch (5.3% y/y before)
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- Baseline: 5.2% vs. 5.3% YoY at first launch (5.5% YoY before)
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