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Eurozone inflation climbs to 3.3% in August, raising rate hike expectations

Bloomberg · Financial Times

Eurozone inflation accelerated to 3.3% in August, reaching its highest level in nearly three years, driven by higher energy prices and reinforcing expectations that the European Central Bank will raise interest rates.

  • Eurozone inflation rose to 3.3% in August.
  • Higher energy prices contributed to the rise in inflation.
  • Euro-area inflation reached the highest level in almost three years.
  • Data cements expectations for an ECB rate hike.
Part of the storyline: Will the Fed raise rates again?

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