Inflation in the eurozone accelerated to a record 9.1% in August

According to the final data of the Statistical Office of the European Union, consumer prices in the eurozone increased by 9.1% in annual terms in August. This indicator has become the maximum since the beginning of the data calculation. 

Thus, inflation in the region accelerated from 8.9% in July and currently exceeds the target of the European Central Bank of 2% by 4.5 times. The final data coincided with the preliminary data, as well as with analysts' forecasts. 

According to Eurostat, energy resources jumped in price by 38.6% compared to August last year, but the growth rate slowed down compared to the rise by 39.6% a month earlier. Food, alcohol and tobacco increased in price by 10.6% (by 9.8% in July), industrial goods – by 5.1% (by 4.5% in July), services rose in price by 3.8% (by 3.7% in July).

The CPI Core index (consumer prices excluding food and energy) increased by 4.3% year-on-year last month, compared with 4% in July.

In the European Union, inflation accelerated to 10.1% in annual terms in August from July's 9.8%. The lowest inflation in the EU was recorded in France (6.6%), Malta (7%) and Finland (7.9%), the highest in Estonia (25.2%), Latvia (21.4%) and Lithuania (21.1%).