Eurozone Inflation Rises in August and Adds Pressure on ECB for Another Rate Hike

Eurozone inflation jumped to 3.3% in August (the highest since September 2023) from 2.9% in July, as renewed tensions in the Middle East lifted energy costs and increased upward pressure on prices. Although core inflation, excluding volatile food and energy components, ticked down from 2.5% previous month to 2.4% in August, economists warn that fresh […] The post Eurozone Inflation Rises in August and Adds Pressure on ECB for Another Rate Hike appeared first on ActionForex.