Eurozone inflation climbed to 3.3% in August 2026, up from 2.9% in July, according to a flash estimate from Eurostat, the statistical office of the European Union.
The increase was largely driven by energy, as global oil and gas prices surged amid the war in Iran and disruption to shipping through the Strait of Hormuz. Energy prices rose by 14.3% in the year to August, accelerating from 10.3% in July.
