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Eurozone inflation rises faster in August
The article explains that inflation in the Eurozone accelerated in August more than expected, with the consumer price index rising to 3.3% annually, exceeding the forecast of 3.2%. The surge is mainly attributed to higher energy prices, which jumped from 10.3% to 14.3% year-over-year. Meanwhile, core inflation, which excludes energy and food prices, slightly declined from 2.5% to 2.4%. Despite some easing in certain underlying inflation pressures, the rise in energy costs raises concerns about the persistence of inflationary pressures, complicating the European Central Bank's decision on monetary policy. Upcoming data will determine whether it will raise interest rates again or not.
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