Euro Zone Inflation Surges To 3.3% As ECB Rate Hike Looms
Euro zone inflation climbed back above 3% in August, driven by surging energy costs tied to the ongoing Iran war and Strait of Hormuz disruption. Headline inflation in the euro area rose to 3.3% in August, up from 2.9% in July, marking the highest level since September 2024. The data came from a flash estimate…