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Inflation rate increased to 3,3% in August

17/09/2021 16:54

The euro area annual inflation rate rose to 3.0% in August 2021, while annual inflation in the EU rose to 3.2%, according to figures published by Eurostat, the statistical office of the European Union.

Compared with July, annual inflation remained stable in one Member State (Finland) and rose in twenty-six, according to the same figures. The annual inflation rate in Cyprus rose to 3.3% in August 2021, slightly above the euro area and EU averages.
The inflation rate in Cyprus rose both compared to July 2021, when it was at 2.7%, and compared to August 2020, when it was at -2.9%.
In the euro area, the annual inflation rate rose compared to 2.2% last month. A year ago the rate was -0.2%.
The annual inflation rate also rose in the European Union, up from 2.5% in July. A year earlier, the rate was 0.4%.
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%).
In August, the highest contribution to the annual euro area inflation rate came from energy (+1.44 percentage points), followed by non-energy industrial goods (+0.65 percentage points) and food, alcohol & tobacco and services (both +0.43 percentage points).