Eurozone Preliminary CPI drops 0.2% YoY in August vs. +0.2% expected, EUR/USD unfazed

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.2% in August, meeting expectations of +0.2% and +0.4% previous.

In July, the headline inflation recovered from a four-year low hit in June, in the face of the coronavirus pandemic.

Meanwhile, the core figure rises to +0.4% in the reported month when compared to +0.9% expectations and +1.2% previous.

more to come ...