Eurozone: Inflation trend softening – TD Securities

According to analysts at TD Securities, Eurozone’s inflation was on the soft side for August.

Key Quotes

“Headline inflation was in line with consensus at 1.0% y/y, but core CPI surprised to the downside at 0.9% y/y (mkt 1.0%). The trend there is still looking quite soft into the ECB meeting coming up in two weeks, supporting the need for further easing.”