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Eurozone Inflation Rises in August
The article discusses the developments of inflation in the Eurozone during August, where core inflation accelerated to 3.3% year-on-year, surpassing expectations, mainly due to rising energy prices. Conversely, underlying inflation declined slightly from 2.5% to 2.4%, with a clear split between consumer and service price pressures, as energy prices surged significantly while service prices decreased, complicating the European Central Bank’s monetary policy decision. Despite subdued core inflation and falling domestic price pressures, rising energy costs raise concerns about sustained inflation, making policymakers likely to remain cautious before the interest rate hike in September.
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