EuroStat has released a flash inflation estimate of 2.1% for the month of August according to the Harmonised Index of Consumer Prices (HICP), inching higher than the previous inflation rate of 2% in July. Inflation rose mainly due to food alcohol and tobacco followed by services and non-energy industrial goods while energy prices went down.
Inflation was highest in Belgium (4.3%), Estonia (3.4%) and the Netherlands with 3.3%. Inflation was lowest in Lithuania (0.8%), Latvia (0.9%) and Ireland, Slovakia and Finland at 1.1%.
Malta has an ongoing 2.4% inflation rate according to the Retail Price Index mostly driven by food and beverages and a 2.5% rate according to the consumer price index.
Euro area unemployment remained at 6.2% with Malta having the lowest unemployment rate in the Euro area.
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