Slovakia Sees Inflation Dip,But Remainsโข Among Euro Area Leaders
BRATISLAVA – Inflation in Slovakia slowed to 2.5 percent inโ August, according to a flash estimate โfrom Eurostat, but the countryโฃ remains among those โwith the highest price increases in the Eurozone. Only Greece (3.4%) and Estonia (3.8%) reported higher inflation rates within the currency bloc.
Across the six Eurozone โขcountries reporting price declines, Portugal saw a 0.1 percent decrease, while Italy โand Latviaโฃ experienced a 0.2โ percent drop. Finland and Lithuaniaโ recorded decreases of 0.3โค percent, and Greece saw a 0.6 percent fall.
The data aligns withโ European โขCentral Bank (ECB) forecasts anticipating inflation around the 2 percent targetโข by โyear-end, driven by moderating goods and energy prices offsettingโฃ increases in food โand service costs.
The ECB’sโ next monetary policy meeting is scheduled for September โข11, with moast economists not expecting a change to the current 2 percent benchmark interest rate. however,ECB Governing โขBoard member Isabel Schnabel cautioned on Tuesday that risksโ to inflation are tilted towards exceeding the ECB’s goal,citing healthy economic growth andโข geopolitical factors.
“Itโค is indeed vital to admit thatโ in a world prone to shocks we cannot tune the inflation so โthat it is still in two percent,” Schnabel stated.
Eurostat’s detailed August inflationโฃ data, broken โdownโ by country and item, will be released โขon September 17th.
![Holidays: 7.7% increase in prices in Greece [ฮณฯฮฑฯฮฎฮผฮฑฯฮฑ]
– 2024-09-01 01:14:23](https://www.ot.gr/wp-content/uploads/2024/08/2-1.jpg "Holidays: 7.7% increase in prices in Greece [ฮณฯฮฑฯฮฎฮผฮฑฯฮฑ]
– 2024-09-01 01:14:23")
