# Euro zone inflation, August 2024

> Euro zone inflation fell to a three-year low of 2.2% in August from 2.6% in July, in line with Reuters poll expectations. Core inflation eased to 2.8% from 2.9%. Markets fully priced a September ECB rate cut.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/29009-euro-zone-inflation-august-2024
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower euro-zone inflation and firmer rate-cut bets weaken the euro relative to the dollar and sterling, a macro backdrop with little direct effect on feed grain supply or demand.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-02-02 | [Euro zone inflation rise still not sustainable - ECB's Praet \| Reuters](https://feedsoft.ai/events/72708-euro-zone-inflation-rise-still-not-sustainable-ecb-s-praet-reuters.md) | -0.5% | -2.3% |
| EURUSD | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | -1.6% | +0.9% |
| EURUSD | 2024-08-30 | [Euro zone bond yields drop as inflation data supports ECB easing hopes](https://feedsoft.ai/events/29012-euro-zone-bond-yields-drop-as-inflation-data-supports-ecb-easing-hopes.md) | 0.0% | +0.7% |
| EURUSD | 2023-08-31 | [After mixed euro zone inflation data, where do ECB interest rate odds stand now?](https://feedsoft.ai/events/34813-after-mixed-euro-zone-inflation-data-where-do-ecb-interest-rate-odds-stand-now.md) | -2.0% | -3.2% |
| EURUSD | 2026-05-20 | [Euro hits fresh six-week lows after Eurozone's final inflation data](https://feedsoft.ai/events/19474-euro-hits-fresh-six-week-lows-after-eurozone-s-final-inflation-data.md) | +0.2% | -0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/08/30/euro-zone-inflation-august-2024.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.