{"id":385922,"date":"2024-08-30T11:18:22","date_gmt":"2024-08-30T09:18:22","guid":{"rendered":"https:\/\/www.eunews.it\/2024\/08\/30\/inflazione-annuale-nellarea-delleuro-in-calo-al-22-per-cento\/"},"modified":"2024-09-04T19:22:56","modified_gmt":"2024-09-04T17:22:56","slug":"eurozone-august-inflation-at-2-2-per-cent-the-figure-may-pave-the-way-for-new-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2024\/08\/30\/eurozone-august-inflation-at-2-2-per-cent-the-figure-may-pave-the-way-for-new-rate-cuts\/","title":{"rendered":"Eurozone, August inflation at 2.2 per cent. The figure may pave the way for new rate cuts"},"content":{"rendered":"<p>Brussels &#8211; In August, <strong>eurozone inflation is expected to stand at 2.2 per cent<\/strong>, down almost half a point from July&#8217;s figures (2.6 per cent). Eurostat&#8217;s preliminary estimate could play a role in the decisions that the European Central Bank&#8217;s <a href=\"https:\/\/www.ecb.europa.eu\/ecb\/decisions\/govc\/html\/index.en.html\" target=\"_blank\" rel=\"noopener\">Governing Council<\/a> will be called upon to take in about two weeks at its meeting on 12<br \/>\nSeptember. Eurostat will only make the final data available after the ECB board meeting. Still, the figure coming out of Luxembourg indicates a general trend close to the Eurotower&#8217;s reference target of 2 per cent. The ECB will have to decide whether to proceed with a possible interest rate cut, which is why the freshly published information is of some importance.<\/p>\n<p>ECB President Christine <a href=\"https:\/\/www.eunews.it\/en\/2024\/07\/18\/ecb-leaves-rates-unchanged-inflation-above-target-also-in-the-coming-year\/\">Lagarde did not rule out in September the possibility of a rate cut<\/a> when the data available to her staff differed from the current ones, which might give the members of the Governing Council a hand in deciding this. In that case, we could see a quarter-point cut (-0.25 per cent), although there are those, such as Foreign Minister <strong>Antonio Tajani<\/strong>, who would like to see a more significant easing of restrictive monetary policies. &#8220;<strong>I think it is right to cut the cost of money by 0.50 per cent<\/strong>; of course, it is up to the ECB to decide,&#8221; the finance minister said on the sidelines of the informal meeting of foreign ministers.<\/p>\n<p>The ECB will decide, that&#8217;s for sure. But <strong>it may be a less obvious choice than expected<\/strong>. Looking at Eurostat&#8217;s preliminary data, the contribution to the decline in inflation in August came mainly from non-energy industrial goods (0.4 pct, compared to 0.7 pct in July) and energy (-3.0 pct, compared to 1.2 pct in July). But among the other main components of euro area inflation, there are slight increases for services (4.2pct, compared to 4.0pct in July) and &#8220;food, alcohol and tobacco&#8221; (2.4pct, compared to 2.3pct in July). <strong>The so-called core inflation runs opposite general inflation<\/strong>, which could fuel new inflationary spirals. Something that cannot be overlooked.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurostat&#8217;s preliminary estimates indicate a move closer to the ECB&#8217;s reference target of 2 per cent. The data support a possible easing of monetary policies. The Eurotower will make its decision on 12 September.<\/p>\n","protected":false},"author":1,"featured_media":255275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705],"tags":[26467,28172,26112,26151,26105,25828,26107],"class_list":["post-385922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bce-en","tag-bank-central-en-en","tag-dati-eurostat-en","tag-eurozone-en","tag-inflation-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/385922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=385922"}],"version-history":[{"count":7,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/385922\/revisions"}],"predecessor-version":[{"id":386444,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/385922\/revisions\/386444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/255275"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=385922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=385922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=385922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}