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September 16, 2022
EU AND EURO AREA CONSUMER PRICE INDEX, AUGUST 2022

Year-over-year (August 2022 vs. August 2021)

The inflation rate moved up to 10.1% in the European Union and was up to 9.1% in the Euro Area in August 2022.

 

The fastest inflation was reported in Estonia (+25.2%), Latvia (+21.4%), and Lithuania (+21.1%) and the lowest inflation rates were in France (6.6%) and Malta (7.0%).                                                   

Food price inflation increased to 14.3% in the European Union and to 12.7% in the Euro Area.

Energy inflation moderately slowed to 37.5% in the European Union and 38.6% in the Euro Area.

Excluding the impacts of energy, food, alcohol and tobacco prices inflation increased to 5.2% in the European Union and 4.3% in the Euro Area in August.

 

Source: Eurostat


Orange ClockFor More Information

William Steele
Senior Economist
Tel: 902-424-6131
Email: Bill.Steele@novascotia.ca