Inflation is unchanged in August from July

Latest reading: Harmonized consumer prices increased 2.6% in annual terms in August, unchanged from the prior month's reading, marking the joint-lowest figure since January 2024 but remaining above the ECB’s 2.0% target. In August, relative to the previous month's data, there were higher price pressures for transportation (+0.9% yoy vs -0.4% in July), housing and utilities (+5.5% vs +5.2% in July), recreation (+0.4% vs -0.2% in July) and restaurants and hotels (+3.7% vs +3.4% in July). In contrast, price pressures fell for food and non-alcoholic beverages in August (+2.8% vs +2.9% in July). Meanwhile, consumer prices rose 1.9% year on year in August, unchanged from July. Lastly, harmonized consumer prices increased 1.50% in August in month-on-month terms, contrasting with the 0.85% decrease in the prior month.

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