Euro area annual inflation drops in August


  • World
  • Wednesday, 02 Sep 2020

BRUSSELS, Sept. 1 (Xinhua) -- The annual inflation in the euro area is expected to be -0.2 percent in August, down from 0.4 percent in July, Eurostat, the statistical office of the European Union, said in its flash estimate on Tuesday.

Food, alcohol and tobacco is expected to have an inflation rate of 1.7 percent, the highest among all categories, although it is down from 2.0 percent in July. Energy is to witness an annual rate of -7.8 percent, the lowest by category.

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