Eurozone inflation confirmed at 2.2% in August

Inflation in the eurozone fell to 2.2% in August from 2.6% a month earlier and confirming a flash estimate two weeks ago, according to official data published by the European Union on Wednesday.

The figure also compared with a 5.2% last August. European Union annual inflation was 2.4% in August 2024, down from 2.8% in July. A year earlier, the rate was 5.9%.

In a separate announcement, July seasonally adjusted production in construction remained stable in the euro area and increased by 0.2% in the EU compared with June, according to flash estimates.

On an annual basis production fell by 2.2% in the euro area and 2.4% in the EU.

Reporting by Frank Prenesti for Sharecast.com