August inflation up to 10.1% in the EU

Shutterstock [For illustration]

The European Union's annual inflation was 10.1 per cent in August 2022, up from 9.8 per cent in July, compared to a year ago, when the rate was 3.2 per cent.

The annual inflation rate of the euro area was 9.1 per cent in August 2022, up from 8.9 per cent in July, compared to a year ago, when the rate was 3 per cent. 

This is according to figures published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in France (6.6 per cent), Malta (7.0 per cent) and Finland (7.9 per cent). Conversely, the highest annual rates were recorded in Estonia (25.2 per cent), Latvia (21.4 per cent) and Lithuania (21.1 per cent). Compared with July, annual inflation fell in twelve Member States and rose in fifteen.

In August, the highest contribution to the annual euro area inflation rate came from energy (+3.95 percentage points, pp), followed by food & tobacco (+2.25 pp), services (+1.62 pp) and non-energy industrial goods (+1.33 pp).

More from Business

Latest Blogs

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.