Eurozone CPI Aug estimate yy +0.2% vs +0.3% exp

Eurozone Aug CPI report 31 Aug
– +0.2% prev
– core yy flash +0.8% vs +0.9% exp/prev
– energy prices down 5.7% yy vs -6.7% prev
– food, alcohol and tobacco products up 1.3% vs 1.4% prev
Softer than expected which won’t please the ECB as it prepares to meet next week but the rate is steadying at least.