ANKARA: The eurozone's annual consumer inflation rate in August slowed to more than 3-year low of 2.2% matching initial estimate, according to a second reading released on Wednesday. The figure was down from 2.4% in July, Eurostat data showed. Core inflation, excluding volatile food and energy prices, eased to 2.8% in August compared to 2.9% a month ago. The cost of energy fell 3% year-on-year in August, shifting from a 1.2% hike in July. Food inflation was stable at over three-year low of 1.4% in August, compared to the prior month. Annual inflation in the EU also cooled to 2.4% in the month, the lowest since June 2021. The lowest annual rates were registered in Lithuania (0.8%), Latvia (0.9%), Ireland, Slovenia and Finland (all 1.1%). The highest annual rates were recorded in Romania (5.3%), Belgium (4.3%) and Poland (4.0%). On a monthly basis, the eurozone's consumer price index rose 0.1% in August, above the initial estimate of a 0% increase. The eurozone/euro area, or EA19, represents member stat es that use the single currency - the euro - while the EU27 includes all member countries of the bloc. Source: Anadolu Agency
Eurozone inflation rate in August confirmed at over 3-year low
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