Eurozone Posts 2.1 Percent Rise in August Inflation
(MENAFN) Inflation across the eurozone ticked slightly higher in August, reaching an annual rate of 2.1%, up from 2.0% in July, according to data released Tuesday by Eurostat.
The largest contributor to the uptick was the food, alcohol and tobacco category, which posted an estimated 3.2% annual increase. Close behind were services at 3.1%, while non-energy industrial goods saw a more modest rise of 0.8%.
Meanwhile, energy prices continued to drag overall inflation down, falling 1.9% year-on-year in August after a 2.4% decline in July.
Inflation varied sharply across member states. The highest annual rates were reported in Estonia (4.6%), Slovakia (4.3%), and Latvia (3.7%). On the opposite end of the spectrum, the Greek Cypriot Administration recorded the lowest rate at 0.4%, followed by France at 0.6% and Ireland at 1.4%.
Eurostat’s figures suggest inflation remains uneven across the bloc, with energy prices continuing to exert downward pressure while core categories maintain steady upward momentum.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
