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Inflation Reaches 3.2% In the EU in August, Higher Than 3.0% In the Euro Area

September 17, 2021 by Forex Winner Leave a Comment

Inflation Reaches 3.2% in the EU in August, Higher than 3.0% in the Euro Area

Source: Eurostat

The European Union posted an annual inflation of 3.2% in August, a jump from 2.5% in July. The inflation in the euro area was 3.0%, a gain from 2.2% in July. DAX is up +0.24%, EURUSD is up +0.10%.

Fig: Annual Inflation Rates in August

Fig: Annual Inflation Rates in August

  • Malta, Greece, and Portugal posted the lowest annual inflation rates at 0.4%, 1.2%, and 1.3%, respectively. Lithuania, Estonia, and Poland posted the highest gains in inflation rate at 5.0%.
  • Energy contributed to the highest surge in inflation in August in the euro area at 1.44%. Non-energy industrial goods surged by 0.65%, while food, alcohol, & tobacco and services had a 0.43% price jump.
  • In August 2020, the euro area’s annual inflation was -0.2%, while that of the EU was 0.4%.

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