Inflation in EU has increased in August

Inflation in EU has increased in August

As per the data by Eurostat, annual inflation in the EU was 2% in August. Furthermore, the annual inflation rate in the Euro zone was increased to 2.1% in the month of August, from the 1.9% level in July. According to figures released by the EU statistic agency, some member countries annual rates for August are; Ireland 3.9%, Greece 3.3%, Spain 3.1%, Portugal 2.9%, Italy 2.7%, Luxemburg 2.3%, Sweden 2.2%. For the same period, the inflation rate in the US was 2.2%.