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2026-09-17 17:18:09
[Eurozone Inflation Accelerates to 3.2% in August as Energy Costs Soar] ⑴ In August 2026, the eurozone's annual inflation rate accelerated to 3.2%, matching the two-and-a-half-year high reached in May, but slightly below the initial forecast of 3.3%. ⑵ This inflation rate remains well above the European Central Bank's 2% target, mainly driven by soaring energy prices fueled by ongoing conflicts in the Middle East. ⑶ Energy inflation jumped to 14.3%, the highest since January 2023; inflation rates for unprocessed food and non-energy industrial goods also accelerated. ⑷ Services inflation slowed to a four-month low of 3.0%; core inflation, excluding energy and food, edged down to 2.4% from 2.5%. ⑸ Among the major eurozone economies, Germany's inflation rate rose from 2.8% to 2.9%, France from 2.4% to 2.6%, Spain from 3.9% to 4.6%, and Italy from 2.9% to 3.2%. The Netherlands was an exception, with its inflation rate slowing from 3.0% to 2.8%.
