Annual inflation up to 3.0% in the euro area

(Source: Eurostat)

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.

The lowest annual rates were registered in Malta (0.4%), Greece (1.2%) and Portugal (1.3%). The highest annual
rates were recorded in Estonia, Lithuania and Poland (all 5.0%). Compared with July, annual inflation remained
stable in one Member State and rose in twenty-six.

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).

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