Euro Zone Inflation Rises Above 3 Percent in August
Euro zone inflation accelerated to 3.3 percent in August driven by higher energy costs. The data reinforces expectations for another European Central Bank interest rate hike. Meanwhile core inflation eased slightly to 2.4 percent.
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Euro zone inflation accelerated to 3.3% in August from 2.9% in July, driven by energy costs and conflict in Iran. The reading solidifies expectations for another ECB interest rate hike this month.
