Euro-Zone Core Inflation Won’t Dip Enough to Exclude Last Hike
- Economists see August inflation at 5.1%, underlying at 5.3%
- The data are crucial for the ECB’s September rate decision
Core price gains, closely monitored by officials, moderated to 5.3% from 5.5% in July.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Underlying inflation in the euro area probably only dipped a touch this month, strengthening arguments for one final hike in interest rates by the European Central Bank next month.
Core price gains, closely monitored by officials, moderated to 5.3% from 5.5% in July, according to a Bloomberg survey of 30 economists. Headline inflation is expected to have eased at a similarly pace — to 5.1%.