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EU Inflation goes down in August

Date: 30.08.2008

Euro area annual inflation is expected to be 3.8% in August 2008 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities.

The euro area July inflation also remained stable and was 4%, the same as June. In the EU overall, the July price increase was 4.4%, which is 0.1% more than June.

In July, the lowest rates of price increases have been registered in the Netherlands - 3%, Portugal - 3.1 % and Germany - 3.5% while the highest rated have been in Latvia - 16.5%, Bulgaria - 14.4 and Lithuania - 12.4%.

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