Eurozone August inflation revised up to 0.4% but still at record lows

Henry Liu Updated onSeptember 17, 2014

eurozone august inflation revised up to 0 4 but still at record lows 104353

The annual rate of inflation in the 18 countries that use the euro was unchanged at 0.4% in August, as the European Union’s statistics agency revised a previous estimate that recorded a decline to 0.3%.

However, the annual rate of inflation in the eurozone remained at the lowest level since Oct 2009.

The latest figures released by Eurostat also showed that the annual rate of inflation across the 28-member EU fell to its lowest level since Oct. 2009 in July, and was unchanged in August, an indication that very muted price rises threaten the economic recovery beyond the borders of the eurozone.

The EU’s statistics agency Wednesday said consumer prices in the eurozone were 0.1% higher than in July, and 0.4% higher than in August 2013. That revised the preliminary estimate for the annual rate of inflation of 0.3% released late last month.

Eurostat also said the annual rate of inflation in the broader EU—which includes 10 countries that don’t use the euro—was unchanged at 0.5% in August, having been revised lower to that figure in July from a first estimate of 0.6%.

Henry Liu

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