The euro area annual inflation rate was 5.2% in August 2023, down from 5.3% in July. A year earlier, the rate was 9.1%. European Union annual inflation was 5.9% in August 2023, down from 6.1% in July. A year earlier, the rate was 10.1%. These figures are published by Eurostat, the statistical office of the European Union.
In August, the highest contribution to the annual euro area inflation rate came from services (+2.41 percentage points, pp), followed by food, alcohol & tobacco (+1.98 pp), non-energy industrial goods (+1.19 pp) and energy (-0.34 pp).
Post by: Republic of Türkiye Ministry of Trade