Eurozone inflation fell to three-year low in run-up to ECB's second rate cut 

Compared with July 2024, annual inflation fell in twenty Member States, remained stable in one and rose in six. Photographer: Hannelore Foerster/Bloomberg via Getty Images

Eurozone inflation fell to a three-year low in August as the European Central Bank prepared for its second interest rate cut of this year, new figures from Eurostat show.

Inflation across the 20-country bloc dropped to 2.2% last month, the lowest since July 2021 and down from 2.6% in July, the EU statistics agency found.