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Friday, 23 October 2026

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Eurozone inflation rate rises to 3.3% in August

Energy prices drive inflation, with Portugal showing a rate higher than the eurozone average.

Archive photo: Eurozone inflation rate rises to 3.3% in August
Archive photoPhoto: Robot8A · Wikimedia Commons · CC BY-SA 4.0

The annual inflation rate in the eurozone increased to 3.3% in August, according to recent data. This rise is primarily attributed to the increase in energy prices.

In particular, the inflation rate for energy prices is expected to have accelerated to 14.3% in August, compared to 10.3% in July. This factor significantly influenced the calculation of the inflation rate.

Additionally, Portugal is above the eurozone average, indicating a more intense inflationary situation in the country compared to the rest of the eurozone.