International Inflation: Key Economic Indicators

Inflation in the EU can be compared using the standard Harmonised Index of Consumer Prices (HICP) or the CPI as it is known in the UK.

UK inflation, as measured by the CPI, was 9.9% in the year to August, down from 10.1% in July. The July figure was the highest rate of CPI inflation since records began in 1997. Modelled figures indicate this was the highest rate of inflation for 40 years. UK inflation was 2.0% in August 2021.

EU inflation was 10.1% in August, up from 9.8% in July. In August 2021, EU inflation was 3.2%.

Inflation in the Eurozone was 9.1% in August, up from 8.9% July. This is a record high. Eurozone inflation was 3.0% in August 2021.

In Germany, inflation was 8.8% in August, up from 8.5% in July.

In France, inflation was 6.6% in August, down from 6.8% in July.

Estonia had the highest inflation rate in the EU in August (25.2%). France had the lowest inflation rate (6.6%).