Eurozone Inflation Hits Three-Year High at 3.3% in August
Energy prices rose 14.3% in August, pushing eurozone inflation above the European Central Bank’s target as officials weigh another rate increase.
- Eurozone inflation jumped to 3.3% in August, the highest level in three years, as the war in the Middle East kept pushing up energy costs, official Eurostat data showed Tuesday.
- The war in the Middle East and near-total closure of the Strait of Hormuz, a key energy trade route, have sent global energy costs soaring and intensified price pressure across the region.
- Eurostat reported energy prices were up 14.3% in August, while Food and drinks inflation remained at 1.2% and Core inflation stayed largely stable in recent months.
- The European Central Bank is expected to resume raising interest rates at its meeting on Sept 10 to tame the surge in prices, following a pause in July.
- "Inflation should remain well above target into next year, as higher gas and Food prices put additional upward pressure on the index," said Leo Barincou of Oxford Economics.
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According to Eurostat's first estimate, energy prices rose 14.3% year-on-year last month, compared to 10.3% in July
Radio France Internationale
anews.com.trEurozone inflation hits three-year high at 3.3% in August
Well above the European Central Bank's two-percent target, the figure from the EU's statistical office was up sharply from 2.9 percent in July and in line with forecasts by analysts for Bloomberg. "Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in August," Eurostat said, noting that energy prices were up 14.3 percent in August after rising 10.3 percent in July. The US war against Iran an…
Data published today by the Statistical Office of the European Union (EU), Eurostat, show that by August 2025 inflation in the euro area stood at 2.0%, now rising to 3.3% a year later.
(Brussels=Yonhap News) Correspondent Hyun Yun-kyung = The Eurozone's inflation rate last month hit a three-year high amid soaring energy prices....
Annual inflation in Bulgaria accelerated to 5.1 per cent in August from 4.4 per cent in July, according to Eurostat's preliminary assessment of the Harmonised Index of Consumer Prices (HICP). Thus, our country remains among the eurozone countries with the highest inflation, while the average level for the currency union rises to 3.3 percent from 2.9 percent a month earlier, BTA reported. Higher annual inflation than Bulgaria in August was record…
The annual inflation rate in the euro area rose to 3.3% in August, rising above 2.9% in July and 2% in August last year, Eurostat revealed this Tuesday
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