Euro Area Inflation Remains Stable Amid Varied Sector Changes
Euro area’s annual inflation is anticipated to maintain its 5.3% rate in August 2023, consistent with the July figures, as per Eurostat’s flash estimate. This was higher than the 5.1% forecast. Within the key components affecting inflation, the most significant annual rate is predicted for food, alcohol, and tobacco at 9.8%, though it shows a decrease from July’s 10.8%. Services follow suit with a slight dip from July’s 5.6% to 5.5% in August. Non-energy industrial goods have also seen a reduction from 5.0% in July to 4.8% in August. Notably, the energy sector, while still negative, improves from -6.1% in July to -3.3% in August.
Unemployment Rates Across the Euro Area and EU Show Stability
The seasonally-adjusted unemployment figures for July 2023 remained…
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