Euro Area Inflation Remains Stable Amid Varied Sector Changes Euro area’s annual inflation is anticipated to maintain its 5.3% rate in August 2023, consistent with the July figures, as per Eurostat’s flash estimate. Within the key components affecting inflation, the most significant annual rate is predicted for food, alcohol, and tobacco at 9.8%, though it shows a decrease from July’s 10.8%. Similarly, the EU witnessed a stable unemployment rate at 5.9%, which is a slight decrease from 6.1% in the previous year.