European consumers face higher prices when they go to supermarkets.
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Eurozone inflation rose to 2.1% in August, according to the latest flash data from Statistics Agency Eurostat on Tuesday.
The economists voted by Reuters had expected it to change at 2% from July.
Core inflation, which removes prices for more volatile foods, energy, alcohol and tobacco, has not changed since July 2.3%.
Meanwhile, the carefully viewed service printing was slightly lower in August, at 3.1% compared to 3.2% in July.
At 2.1%, the latest inflation rate for the Eurozone is slightly higher than the European Central Bank’s 2% target.
The euro fell 0.6% against the dollar to $1.1640. Pan-European Stoxx 600 It was trading 0.7% lower on Tuesday morning.
The central bank is expected to hold its key interest rate at 2% in July and maintain its stance the next time they meet in September, according to the majority of economists voted in Reuters.
The EU trade contract with the US, signed in late July, removes uncertainty over tariffs, but there are concerns that the 15% obligation to EU exports to the EU could still place emphasis on economic activity.
The Eurozone grew 0.1% in the second quarter compared to the previous quarter, Eurostat data showed in late July.
This is a broken news story. Please update for updates.
