Eurostat, inflation rises to 3% in August

The growth rate of euro area inflation was 3% year-on-year in August, accelerating from the 2.2% recorded in July. A year earlier, the rate was 0.2 percent negative. Eurostat communicates it. Also in August, the tendential inflation of the European Union was 3.2%, up from 2.5% in July. The lowest annual rates were recorded in Malta (0.4%), Greece (1.2%) and Portugal (1.3%). The highest growth rates were recorded in Estonia, Lithuania and Poland (all 5%). In August, the highest contribution to trend-based inflation growth came from the energy sector (+1.44 percentage points), followed by non-energy industrial goods (+0.65), food, alcohol, tobacco and others. services. On a monthly level, consumer prices increased by 0.4% in the euro area, by 0.3% in the EU.