Reported 21 days ago
Eurozone inflation has decreased to a three-year low of 2.2% as of August 2024, despite still being above the European Central Bank's (ECB) target of 2%. This decline came after the ECB cut interest rates to 3.5% for the second time this year. Meanwhile, inflation across the EU was at 2.4%. The lowest inflation rates were found in Lithuania (0.8%) and Latvia (0.9%), while Romania saw the highest at 5.3%. The ECB maintains its inflation forecasts for the current year at 2.5% and 2.2% for the next year.
Source: YAHOO