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International Business Times
International Business Times
Business
Raziye AKKOC

Eurozone Inflation Falls To Three-year Low In August

Consumer prices slowed to 2.2 percent in August from 2.6 percent in July (Credit: AFP)

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut.

Consumer price rises slowed to 2.2 percent in August compared to the same month last year after reaching 2.6 percent in July, closing in on the European Central Bank's two-percent target.

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