Euro area annual inflation was 1.7% in August 2007, down from 1.8% in July. A year earlier the rate was 2.3%. Monthly inflation was 0.1% in August 2007. EU annual inflation was 1.9% in August 2007, down from 2.0% in July. A year earlier the rate was 2.3%. Monthly inflation was 0.1% in August 2007.