Inflation came in at a multi-year high of 4.4% in August, above July's 3.9%. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) came in at an almost six-year high of 4.6% in August, up from July's 4.1%. Lastly, annual average HICP inflation rose from 2.3% in July to 2.7% in August.