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International Business Times

Business

Energy Prices Push Euro Zone Inflation Above 3% Inflation Again. Interest Rate Hikes Could Follow.

Inflation Euro Michael Barr Kevin Warsh US Federal Reserve

Inflation in the euro zone climbed back above 3% in August, fueled by energy prices. (Credit: AFP)

Inflation in the euro zone climbed back above 3% in August, fueled by energy prices.

Concretely, headline inflation rose 0.4 percentage points and clocked in at 3.3% in August, compared to 2.9% the month prior. It is the highest level since September 2024, Eurostat said.

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