Research Detail
| 2024/08/30 / Erste Group Research |
Eurozone inflation falls significantly Inflation in the Eurozone fell noticeably in August to 2.2% y/y (previously 2.6% y/y). The main driver was energy inflation, which had a strong dampening effect. By comparison, core inflation (inflation adjusted for energy and food prices) fell slightly to 2.8% y/y, thanks only to goods prices. The US labor market report for August will be published at the end of next week. The figures will attract even more attention than usual. The July report had shown a significant slowdown at the beginning of August, which had contributed to global market turbulence. The question now is whether the labor market cooled further significantly in August or whether it has stabilized. This is crucial in terms of the US Federal Reserve's future course of action. |
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General information
| Author | Erste Group Research |
| Date | 2024/08/30 |
| Language |  |
| Product name | Week ahead |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone, United States |
| Currency in focus | Euro, US Dollar |
| Sector in focus | - |
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