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Eurozone Inflation Exceeded Target Rate


August, 17 2018
watermark Economic news

The annual inflation rate in the Eurozone rose to 2.1 percent in July, according to the European statistics office on Friday. This just shows that the inflation rate has exceeded the target figure of the European Central Bank, which is a good thing.

Its purpose is to halt the purchasing program by the end of the year and is open for another rate hike in 2019. The headline consumer inflation rose to 2.1 percent year-on-year in July compared to the 2.0 percent in June, driven by more expensive energy prices.

Core inflation indicator, Excluding energy and unprocessed food, grew by 1.3 percent year-on-year.

The central bank has an official order to maintain the inflation rate near the 2.0 percent.  

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.