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Prime Content | 
Euro area & EU witness dip in annual inflation rates in August 2023

20 Sep '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Annual inflation rate in euro area saw a slight reduction from 5.3 per cent in July to 5.2 per cent in August 2023, a substantial decrease from the 9.1 per cent documented in August 2022.
  • This trend was mirrored in the EU, which recorded a decline from 6.1 per cent in July to 5.9 per cent in August 2023.
  • Hungary reported highest annual rate at 14.2 per cent.

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