𝐀𝐧𝐧𝐮𝐚𝐥 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐮𝐩 𝐭𝐨 𝟑.𝟎% 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐮𝐫𝐨 𝐚𝐫𝐞𝐚 - 𝐧𝐨𝐭 𝐠𝐫𝐞𝐚𝐭, 𝐧𝐨𝐭 𝐭𝐞𝐫𝐫𝐢𝐛𝐥𝐞.
The euro area annual inflation rate was 3.0% in August 2021, up from 2.2% in July. A year earlier, the rate was -0.2%. European Union annual inflation was 3.2% in August 2021, up from 2.5% in July. A year earlier, the rate was 0.4%. These figures are published by Eurostat, the statistical office of the European Union.
In August, the highest contribution to the annual euro area inflation rate came from energy (+1.44 percentage points, pp), followed by non-energy industrial goods (+0.65 pp) and food, alcohol & tobacco and services (both +0.43 pp).
Have a great weekend!