Source: Politico
“Inflation looks to have cooled further in August, removing one of the last remaining obstacles to an interest rate cut from the European Central Bank next month. In Germany, the continent’s largest economy, inflation returned to target for the first time in over three years, and while a drop in volatile energy prices was the biggest factor, the underlying picture also improved. Elsewhere Thursday, Spain, Belgium and Ireland all reported similar slowdowns.” (08/29/24)
https://www.politico.eu/article/cooling-inflation-set-up-ecb-rate-cut-in-september