Euro Zone Inflation Hold Steady at 0.2% in August

Euro zone annual inflation came in at 0.2 percent in August on Monday, marking a stable reading for the second month in a row.

Price gains across the euro zone held steady at 0.2 percent year-on-year, according to a flash estimate from Eurostat, the statistical office of the European Union. This was marginally better than forecast, with analysts polled by Reuters expecting a 0.1 percent gain.

The last gain to year-on-year inflation was clocked in May, when prices rose by a still-mild 0.3 percent.

Low energy prices were a major drag on August inflation. Oil and gas prices across the euro zone saw a year-on-year decline of 7.1 percent.

via CNBC

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