Government of Nova Scotia, Canada
Header - Service Directory

Use the Services Directory to quickly access information on all of the services provided by the NS Department of Finance.

Home > Economics and Statistics > Archived Daily Stats > Selected Archived Daily Stats Article
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

September 17, 2020

In August 2020, a month in which COVID-19 containment measures continued to be lifted, the year-over-year inflation rate increased to 0.4 per cent in the European Union and declined to -0.2 per cent in the Euro Area. European Union data for this report is now for the 27 member countries of the European Union, not including the UK. 


Among EU member states, the fastest year-over-year inflation was reported in Hungry, Poland, and Czechia while the lowest inflation was reported in Cyprus, Greece, and Estonia.

Compared to the previous month, annual inflation rates declined in sixteen Member States, remained stable in five and rose in six.                                                                                                                                                                                                                                 

August food price inflation moved down to 1.9 per cent (year-over-year) in the European Union and moved down to 1.3 per cent (year-over-year) in the Euro Area. 

Energy inflation (August-20 vs August-19) continued to rebound in August. Energy inflation was at -7.0 per cent in the European Union and -7.8 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation increased to 0.9 per cent for the European Union and increased to 0.4 per cent for the Euro Area. 


Source: Eurostat-News Release



<--- Return to Archive