““Consumer prices in August rose just 0.3 per cent from the year before as lower energy and food costs took their toll. The dip comes after inflation had already slowed from 0.5 per cent in June to 0.4 per cent in July, putting it at less than a quarter of the ECB’s official inflation target of 2 per cent. Individual countries were even harder hit. In Italy, inflation reached its lowest level since 1959 as consumer prices slumped 0.2 per cent in August, triggering calls for the eurozone central bank to signal to markets when it meets next week that it is ready to act.””
