Consumer prices in the Eurozone rose by 5.2% in August, according to Eurostat's report on Tuesday, slightly lowering the initial estimate, along with data indicating a milder increase in industrial product prices.
The estimate published at the end of August had indicated a 5.3% increase in prices, as measured by the harmonized HICP index, allowing for comparisons among EU member states.
In July, prices had risen by 5.3%.
Eurostat also slightly lowered the estimate for the monthly price growth in August from 0.6% to 0.5%.
The reduced estimate of the annual inflation rate reflects a milder increase in industrial product prices compared to the initial calculations, now at 4.7%, down from the 4.8% estimated at the end of August.
Fresh food prices increased by 7.8%, while energy prices decreased by 3.3%, Eurostat confirmed in its initial estimates.
When excluding food and energy prices, inflation in the Eurozone for August stood at 6.2%, in line with the end of the previous month's estimate.
The estimate of a 5.5% increase in services prices was also confirmed.
In the entire EU, prices rose by 5.9% in August compared to the same month last year, following a 6.1% increase in July.
On a monthly basis, prices increased by 0.5%, as indicated in the report.
Revised Estimate for Croatia
In August, Hungary experienced the highest year-on-year increase in consumer prices, at 14.2%.
They were followed by the Czech Republic and Slovakia, with inflation rates of 10.1% and 9.6%, respectively.
In Croatia, the annual inflation rate measured by HICP in August was 8.4%. The initial estimate published at the end of August had shown a price growth rate of 8.5%, while in July, it stood at 8.0%.
The Consumer Price Index from the State Bureau of Statistics (DZS) indicated an increase of 7.8% in prices for August compared to the same month last year.
Denmark recorded the mildest price increase in the EU according to the HICP, at 2.3% compared to August of the previous year. Spain and Belgium followed with price increases of 2.4%.