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Annual inflation up to 9.1% in the euro area

Autor: Financial Market
Timp de citit: < 1 minute

The euro area annual inflation rate was 9.1% in August 2022, up from 8.9% in July. A year earlier, the rate was 3.0%, according to Eurostat, the statistical office of the European Union.

The highest contribution to the annual euro area inflation rate came from energy (+3.95 percentage points, pp), followed by food, alcohol & tobacco (+2.25 pp), services (+1.62 pp) and non-energy industrial goods (+1.33 pp).

The lowest annual rates were registered in France (6.6%), Malta (7.0%) and Finland (7.9%). The highest annual rates were recorded in Estonia (25.2%), Latvia (21.4%) and Lithuania (21.1%). Compared with July, annual inflation fell in twelve Member States and rose in fifteen.

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Excluding energy, food, alcohol and tobacco, the core inflation went up to a record high rate of 4.3% from 4% in July, in a sign price pressures already spread through all the sectors of the economy.