G20 inflation slows to 3.0 % in August 2013

Annual inflation in the G20 was 3.0 % in the year to August 2013, down from 3.2 % in the year to July 2013. The G20 aggregate reflects diverging patterns among the world’s largest economies. India, Argentina, Indonesia and Turkey experienced the highest annual inflation rates (equal to or above 8.0 %) in August 2013, while Japan, France, Canada and Italy had the lowest annual inflation rates (between 0.9% and 1.2%).

In August 2013, annual inflation slowed in Turkey (8.0%, down from 8.6% in July), the United States (1.5%, down from 2.0%) and Germany (1.6%, down from 1.9%), and more moderately in Brazil (6.1%, down from 6.3%), India (10.7 %, down from 10.8%) and China (2.6%, down from 2.7%).

In contrast annual inflation picked up in Indonesia (8.8%, up from 8.6%) and Japan (0.9%, up from 0.7%), while it remained stable in Russia (6.5%), South Africa (6.4%), Mexico (3.5%) and Italy (1.2%).  Annual inflation fell in both the EU28 (1.5%, down from 1.7%) and the EA17 (1.3%, down from 1.6%).

Read the full report by Eurostat here (pdf).

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