🇪🇺 Eurozone August Flash CPI Rises to 3% Y/Y

Eurozone August preliminary CPI +3.0% vs +2.8% y/y expected. Also, the core figure came above expectations at 1.6%, up from the previous 0.7%.

Eurostat: Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in August (15.4%, compared with 14.3% in July), followed by non-energy industrial goods (2.7%, compared with 0.7% in July), food, alcohol & tobacco (2.0%, compared with 1.6% in July) and services (1.1%, compared with 0.9% in July).