Eurozone inflation falls to three-year low in August: Eurostat ...Middle East

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Eurozone inflation falls to three-year low in August: Eurostat
Brussels:  The Eurozone’s annual inflation rate fell to 2.2 per cent in August, down from 2.6 per cent in July, marking its lowest point since July 2021, according to a flash estimate published by Eurostat on Friday. The main driver of inflation remains the price of services, which saw a year-on-year growth of 4.2 per cent in August, up from 4 per cent in July, according to the European Union’s (EU) statistical office, Xinhua news agency reported. Food, alcohol, and tobacco prices registered an annual inflation rate of 2.4 per cent, slightly higher than July’s 2.3 per cent. Non-energy industrial goods saw a decrease in inflation, from 0.7 per cent in July to 0.4 per cent in August. Meanwhil

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