Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The eurozone's annual inflation rate was confirmed at a fresh high of 9.1% in August, though monthly consumer price growth was upwardly revised, figures on Friday showed.
According to Eurostat, the single currency bloc's yearly inflation rate accelerated to 9.1% in August from 8.9% in July. The figure was in line with an earlier estimate.
The yearly inflation rate has jumped for four months in-a-row. It stood at 3.0% in August 2021.
The European Central Bank targets a yearly inflation rate of 2%.
Excluding energy, food, alcohol and tobacco, core annual inflation hotted up to 4.3% in August, from 4.0% in July.
Monthly consumer price growth was upwardly revised. Prices grew 0.6% on a monthly basis, according to the latest Eurostat estimate, up from a previous 0.5% reading. In July, consumer prices edged up 0.1% from June.
Copyright 2022 Alliance News Limited. All Rights Reserved.