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- Eurozone consumer prices rose 0.1% in August, less than expected
Eurozone consumer prices rose 0.1% in August, less than expected
According to the report from Eurostat, in August 2019, consumer price index rose 0.1% after falling 0.5% in July. Economists had expected a 0.2% increase.
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%.
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).
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