Euro Area Inflation Hits 3.2% in August as Energy Costs Bite
The euro area's annual inflation rate rose to 3.2% in August 2026, up from 2.9% in July and 2.0% a year earlier, according to Eurostat.
EU inflation also reached 3.2% in August, increasing from 3.0% in July and 2.4% a year prior.
The largest contributors to euro area inflation were services and energy, which added 1.43 percentage points and 1.29 percentage points respectively.