The stability of the inflation rate in Europe at 5.3% during the month of August

The inflation rate in the Eurozone was unchanged at 5.3% in August.

This month’s reading was worse than analysts’ expectations of a decline in inflation to 5.1%.

Core inflation fell from 5.5% in July to 5.3% in August, in line with expectations.

The European Central Bank will hold its meeting on September 14, with members divided over whether to raise interest rates again or keep them unchanged.