- The Bloomberg survey median projects euro-area consumer-price growth at 3.3% year over year in August, up from 2.9% in July.
- Higher energy costs linked to ongoing Middle East tensions are driving the expected acceleration, with Germany and Italy also forecast to report faster inflation.
- The inflation rebound increases pressure on euro-area policymakers to raise interest rates.
Quotes
“Consumer prices climbed 3.3% from a year earlier in August, up from 2.9% in July”