Eurozone Preliminary CPI accelerates 3% YoY in August, beats estimates

The annualized Eurozone Consumer Price Index (CPI) came in at 3.0% in August, beating expectations of 2.7% while rising from June’s reading of 2.2%, the latest data published by Eurostat showed on Tuesday.  

The core figures jumped by 1.6% YoY in August when compared to 1.5% expectations and 0.7% recorded previously.

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