An increase in rents and car-repair prices lifted eurozone inflation in August slightly higher than a first estimate, a small piece of good news for the European Central Bank but not one that radically changes the economic outlook.

Consumer inflation in the 18 countries sharing the euro rose 0.1 per cent month-on-month in August for a 0.4 per cent year-on-year increase, the EU’s statistics office Eurostat said yesterday, revising upwards its initial estimate, from August 29, of a 0.3 per cent annual gain.That leaves the inflation rate unchanged from July.

Eurostat said that rising rents, higher prices in cafes and restaurants and more expensive car repairs did the most to raise year-on-year inflation.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.