{"id":145101,"date":"2023-09-01T14:56:37","date_gmt":"2023-09-01T09:26:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=145101"},"modified":"2023-09-01T14:56:37","modified_gmt":"2023-09-01T09:26:37","slug":"inflation-in-europe-stable-at-5-3-in-august-core-declines-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/inflation-in-europe-stable-at-5-3-in-august-core-declines-crypto-news\/","title":{"rendered":"Inflation in Europe stable at 5.3% in August, core declines – Crypto News"},"content":{"rendered":"

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The annual Eurozone\u00a0Harmonised Index of Consumer Prices<\/strong><\/a>\u00a0(HICP) rose 5.3% in August, at the same pace as seen in July, the official data released by Eurostat\u00a0showed on Thursday. The HICP inflation gauge beat expectations for a 5.1% growth.<\/p>\n

The Core HICP inflation edged lower to 5.3% YoY in August, as against July\u2019s 5.5% clip. Markets had anticipated 5.3% figure.<\/p>\n

On a monthly basis, the old continent\u2019s HICP jumps 0.6% in August vs. a 0.1% drop in July and -0.1% expected. The core HICP inflation rebounded to 0.3% in the reported period when compared with 0.3% expected and -0.1% recorded in July.<\/p>\n

It\u2019s worth mentioning that the European Central Bank\u2019s (ECB) inflation target is 2.0%.<\/p>\n

The bloc\u2019s HICP figures have a significant influence on the market\u2019s pricing of\u00a0the\u00a0ECB<\/strong><\/a>\u00a0interest rate outlook. Markets\u00a0are currently pricing a 30% probability of a 25 basis points (bps) ECB rate increase to 4.0% in September.<\/p>\n

Key details (via Eurostat)<\/h2>\n

\u201cLooking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in August (9.8%, compared with 10.8% in July), followed by services (5.5%, compared with 5.6% in July), non-energy industrial goods (4.8%, compared with 5.0% in July) and energy (-3.3%, compared with -6.1% in July).\u201d<\/p>\n

EUR\/USD reaction<\/h2>\n

The shared currency is falling further on the mixed\u00a0Eurozone<\/strong><\/a>\u00a0inflation data.\u00a0EUR\/USD is trading<\/strong><\/a>\u00a0at 1.0865, down 0.54% on the day, as of writing.<\/p>\n

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15-minutes chart<\/p>\n

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Euro price today<\/h2>\n

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nUSD<\/strong><\/td>\nEUR<\/strong><\/td>\nGBP<\/strong><\/td>\nCAD<\/strong><\/td>\nAUD<\/strong><\/td>\nJPY<\/strong><\/td>\nNZD<\/strong><\/td>\nCHF<\/strong><\/td>\n<\/tr>\n
USD<\/strong><\/td>\n\u00a0<\/td>\n0.58%<\/td>\n0.17%<\/td>\n0.09%<\/td>\n0.13%<\/td>\n-0.14%<\/td>\n0.04%<\/td>\n0.33%<\/td>\n<\/tr>\n
EUR<\/strong><\/td>\n-0.52%<\/td>\n\u00a0<\/td>\n-0.34%<\/td>\n-0.42%<\/td>\n-0.39%<\/td>\n-0.66%<\/td>\n-0.45%<\/td>\n-0.19%<\/td>\n<\/tr>\n
GBP<\/strong><\/td>\n-0.16%<\/td>\n0.40%<\/td>\n\u00a0<\/td>\n-0.07%<\/td>\n-0.03%<\/td>\n-0.32%<\/td>\n-0.11%<\/td>\n0.17%<\/td>\n<\/tr>\n
CAD<\/strong><\/td>\n-0.09%<\/td>\n0.41%<\/td>\n0.08%<\/td>\n\u00a0<\/td>\n0.05%<\/td>\n-0.24%<\/td>\n-0.04%<\/td>\n0.24%<\/td>\n<\/tr>\n
AUD<\/strong><\/td>\n-0.13%<\/td>\n0.44%<\/td>\n0.04%<\/td>\n-0.04%<\/td>\n\u00a0<\/td>\n-0.27%<\/td>\n-0.07%<\/td>\n0.20%<\/td>\n<\/tr>\n
JPY<\/strong><\/td>\n0.16%<\/td>\n0.73%<\/td>\n0.28%<\/td>\n0.23%<\/td>\n0.30%<\/td>\n\u00a0<\/td>\n0.22%<\/td>\n0.47%<\/td>\n<\/tr>\n
NZD<\/strong><\/td>\n-0.01%<\/td>\n0.52%<\/td>\n0.12%<\/td>\n0.04%<\/td>\n0.08%<\/td>\n-0.19%<\/td>\n\u00a0<\/td>\n0.28%<\/td>\n<\/tr>\n
CHF<\/strong><\/td>\n-0.33%<\/td>\n0.24%<\/td>\n-0.16%<\/td>\n-0.24%<\/td>\n-0.20%<\/td>\n-0.48%<\/td>\n-0.28%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n<\/div>\n

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The section below was published at 05:00 GMT as a preview of the European inflation report.<\/em><\/p>\n