The euro area annual inflation rate was 2.2% in August 2024, down from 2.6% in July. A year earlier, the rate was 5.2%. European Union annual inflation was 2.4% in August 2024, down from 2.8% in July. A year earlier, the rate was 5.9%. These figures are published by Eurostat, the statistical office of the European Union.

In August 2024, the highest contribution to the annual euro area inflation rate came from services (+1.88 percentage points, pp), followed by food, alcohol & tobacco (+0.46 pp), non-energy industrial goods (+0.11 pp) and energy (-0.29 pp).

Source: Eurostat
Post by: Republic of Türkiye Ministry of Trade