Eurozone August CPI finalized at 0.4% MoM, 3% YoY

• Eurozone inflation was finalized at 3% YoY in August.
• Monthly CPI rose by 0.4% during the reported month.
• EUR/USD sticks to intraday gains near the 1.1775-80.

According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.       

On a monthly basis, the bloc’s CPI for August arrived at 0.4%, while the core CPI numbers came in at 0.3%, both meeting market expectations.

Market reaction

The data did little to influence the shared currency or provide any meaningful impetus to the EUR/USD pair, which was last seen hovering near daily tops, around the 1.1775-80 region.