Eurozone CPI slowed from 2.6% yoy to 2.2% in August. CPI core (ex-energy, food, alcohol & tobacco) ticked down from 2.9% yoy to 2.8% yoy. Both matched expectations.
Looking at the main components , services is expected to have the highest annual rate in August (4.2%, compared with 4.0% in July), followed by food, alcohol & tobacco (2.4%, compared with 2.3% in July), non-energy industrial goods (0.4%, compared with 0.7% in July) and energy (-3.0%, compared with 1.2% in July).