The inflation rate in the eurozone would have stood at 2.2% over one year in August, four tenths below of the 2.6% price increase observed in July and the lowest data reading since July 2021, according to the provisional estimate of data published by the Community statistics office, Eurostat.
The slowdown in price growth in the eurozone reflected a 3% drop in energy costs, after rising 1.2% year-on-year in July, while fresh food prices rose 1.1% year-on-year, a tenth more than the previous month.
Furthermore, non-industrial energy goods They became more expensive by 0.4% in August, three-tenths less than the increase in July, while services are estimated to have increased by 4.2% per year, two-tenths more than the increase observed in July.
Excluding the impact of energy on prices, the inflation rate would remain at 2.7% in Augustwhile also excluding the cost of food, as well as tobacco and alcohol, the underlying rate would have fallen from 2.9% to 2.8%.
Among the Eurozone countries, the largestIncrease in the cost of living In August, this would correspond to Belgium, with 4.5%, ahead of Estonia, with 3.4% and the Netherlands, with 3.3%.
In contrast, the lowest price increases were observed in Lithuania, with 0.7%, and Latvia, with 0.9%, while in Slovenia, Finland and Ireland prices increased by 1.1%.
In the case of Spain, the interannual inflation rate in August amounts to 2.4% compared to 2.9% the previous month, which reduces to two tenths the price gap unfavourable to the country compared to the euro zone.
