Eurozone Inflation Steady At 0.2%

Eurozone inflation remained unchanged at a very low level in August as further fall in oil prices curbed its ability to move upward. Inflation came in at 0.2 percent in August, the same rate as seen in July and June, preliminary data from Eurostat showed Monday. It was forecast to ease to 0.1 percent. Inflation remains below the European Central Bank’s target of ‘below, but close to, 2 percent.’