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Euro area annual inflation down to 3.8%

Euro area annual inflation was 3.8% in August 2008, down from 4.0% in July. A year earlier the rate was 1.7%. Monthly inflation was -0.1% in August 2008.
EU annual inflation was 4.2% in August 2008, down from 4.4% in July. A year earlier the rate was 1.9%. Monthly inflation was -0.1% in August 2008.
These figures come from Eurostat, the Statistical Office of the European Communities.

Inflation in the EU Member States

In August 2008, the lowest annual rates were observed in the Netherlands (3.0%), Portugal (3.1%) and Ireland (3.2%), and the highest in Latvia (15.6%), Lithuania (12.2%) and Bulgaria (11.8%). Compared with July 2008, annual inflation fell in nineteen Member States, remained stable in three and rose in four.
The lowest 12-month averages4 up to August 2008 were registered in the Netherlands (2.0%), Portugal (2.8%) and Sweden (3.0%), and the highest in Latvia (15.5%), Bulgaria (12.5%) and Estonia (10.5%).

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