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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 18, 2024
EU AND EURO AREA CONSUMER PRICE INDEX, AUGUST 2024

Year-over-year (August 2024 vs August 2023)

The inflation rate fell to 2.4% in the European Union and to 2.2% in the Euro Area in August 2024.

The fastest inflation was reported in Romania and Belgium while the slowest inflation rates were in Lithuania and Latvia.

Energy prices declined 2.1% in the European Union and 3.0% Euro Area in August 2024.

Food price inflation increased to 1.7% for the European Union and remained at 1.4% in the Euro Area in August 2024. 

Excluding the impacts of energy, food, alcohol and tobacco prices year-over-year inflation declined to 3.0% in the European Union and to 2.8% in the Euro Area in August 2024.

Source: Eurostat; Eurostat Data



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