Eurozone inflation slows to 5.2% in August

Prices increased by 5.2% in the eurozone last month, down from 5.3% in July, according to official figures from Eurostat. This is a dramatic fall from a year earlier, when the rate stood at 9.1%. In the EU, the annual inflation rate was 5.9% in August, down from 6.1% in July. A year ago, the rate stood at 10.1%. Compared with July, annual inflation fell in 15 EU member states in August, remained stable in one, and rose in 11. ECB approaches end of hiking cycle with 25bps rise The highest annual rates of inflation were recorded in Hungary (14.2%), Czechia (10.1%) and Slovakia (9....