Date: September 18, 2019

In August 2019, the euro area annual inflation rate was 1.0%, stable compared to July. Compared to the previous year, the rate was 2.1%. Additionally, the European Union annual inflation was reported at 1.4% in August 2019, stable compared to July. Compared to the previous year, the rate was 2.2% according to the statistical office of the European Union (Eurostat).

Portugal (-0.1%), Greece (0.1%) and Spain (0.4%) registered the lowest annual rates. Additionally, the highest annual rates were recorded in Romania (4.1%), Hungary (3.2%), the Netherlands and Latvia (both 3.1%). In comparison with July 2018, annual inflation fell in nine Member States, remained stable in six and rose in twelve.

The highest contribution to the annual euro area inflation rate in August 2019 came from; services (+0.60 percentage points, pp), food, alcohol & tobacco (+0.40 pp), non-energy industrial goods (+0.08 pp) and energy (-0.06 pp).

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