Eurozone's CPI down to 1.3% in August

The consumer price inflation (CPI) in the eurozone decreased to 1.3 percent in August from 1.6 percent in July, European Union (EU) statistics office Eurostat said Monday. The annual inflation in the EU was 1.5 percent, down from 1.6 percent in July. In August, the lowest annual rates were observed in Greece at minus 1.0 percent and the highest in Estonia at 3.6 percent. The CPI declined for the first time since May in 2013, indicating the inflationary pressure in the bloc eased. The largest upward impacts on eurozone annual inflation came from fruit, tobacco and electricity, while fuels for transport, telecommunications and medical and paramedical services had the biggest downward impacts, Eurostat said.