Eurozone inflation jumps to 3.3% in August, highest since Sep 2023

Eurozone annual inflation accelerated to 3.3% in August from 2.9% in July, driven by a sharp rise in energy costs to 14.3%. This marks the highest reading since September 2023 and signals renewed price pressures, complicating ECB policy expectations. The data suggests inflation is re-accelerating, potentially forcing a more hawkish stance from the central bank.