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August 2019 – Annual inflation stable at 1.0% in the euro area – Stable at 1.4% in the EU

Posted by Gerald Fenech on 19th September 2019 in International News

The euro area annual inflation rate was 1.0% in August 2019, stable compared to July. A year earlier, the rate was 2.1%. European Union annual inflation was 1.4% in August 2019, stable compared to July. A year earlier, the rate was 2.2%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Portugal (-0.1%), Greece (0.1%) and Spain (0.4%). The highest annual rates were recorded in Romania (4.1%), Hungary (3.2%), the Netherlands and Latvia (both 3.1%). Compared with July, annual inflation fell in nine Member States, remained stable in six and rose in twelve.

In August, the highest contribution to the annual euro area inflation rate came from services (+0.60 percentage points, pp), followed by food, alcohol & tobacco (+0.40 pp), non-energy industrial goods (+0.08 pp) and energy      (-0.06 pp).

Inflation rates (%) measured by the HICP

: not available

The source dataset is available here.

Euro area inflation rate (%), selected aggregates

Contributions to the euro area annual inflation rate (pp), selected aggregates

Posted in International News | Tagged euro area, Eurostat, inflation

About the Author

Gerald Fenech

Gerald Fenech

Gerald Fenech is an experienced journalist and reporter of over 15 years standing. He began his career with Maltamedia and di-ve.com, Malta’s first online news portals. He then worked for The Malta Independent Malta Today and Smash TV, the latter as news editor. He has reported several General Elections, EU summits and was also in Washington and New York in 2004 reporting the US Election on invitation of the US State Department. He specializes in politics, business and economic affairs and is also a well known sports journalist.

His interests include American history and politics, music, art and travel.

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