Eurozone inflation accelerated to 9.1% in August

AA / Paris

Eurostat data showed the annual inflation rate in the euro zone accelerating to 9.1% in the preliminary reading for August, amid pressure from rising energy, food and tobacco prices.

The office said in a report released on Wednesday that the annual inflation rate in the countries of the region (19 countries) rose from its level in July of 8.9%.

On a monthly basis, the rate of inflation accelerated to 0.5% in August, compared to a rise of 0.1% in the previous month.

Core inflation – which excludes food and energy among others – rose 4.3% year over year, compared to 4% the previous month.

According to the data, inflation in the euro area reached its ninth consecutive level since November 2021.

The economies of the region were affected by the negative repercussions of the war in Ukraine, which caused high levels of global inflation and a record increase in the prices of raw materials and energy.

The eurozone includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and united Finland.

* Translated from Arabic by Malik Jomni

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