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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.