Inflation Rates Decline Across Europe in August

In August, Istanbul experienced a significant decline in retail inflation, dropping from 72.8% to 61.6% year-on-year, signaling a potential easing in national prices. Meanwhile, Italy's inflation fell to 1.1% annually, primarily influenced by decreases in unregulated energy goods and durable items, while core inflation slightly increased to 2%. The Eurozone also saw inflation slow to 2.2%, approaching the European Central Bank's target, with stable consumer prices and a core inflation estimate of 2.8%. Additionally, Italy reported a monthly consumer price index increase of 0.2% and a year-on-year rise of 1.1%, with notable declines in non-regulated energy prices. The widening gap between goods and services inflation in Italy suggests differing economic pressures, with services inflation slightly accelerating. These trends indicate a complex inflation landscape across Turkey and Europe, with variations in underlying economic factors.