EU inflation accelerates to 3.2% in August; Czech rate rises to 1.5%

Eurozone-wide inflation picked up to 3.2% y/y in August, a notable acceleration that may pressure the ECB to maintain a hawkish stance. The Czech Republic saw its rate rise to 1.5%, still among the lowest in the bloc. The data suggests persistent price pressures across the EU, complicating the path to the 2% target.