Skip to Content

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

AP Business Writer

FRANKFURT, Germany (AP) — Inflation is down in Europe. August’s figure is only 2.2%, down from 2.6% in July. The pace of consumer price increases in the 20 countries that use the euro is now close to the 2% goal set out by the European Central Bank, the monetary authority for the eurozone. The figure is more evidence that the coast is clear for the ECB to cut interest rates at its September meeting.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content