Eurozone Inflation Hits 3-Year High on Soaring Energy Prices
The Eurozone's annual inflation rate has risen to 3.3 percent in August, marking its highest level since September 2023 when it reached 4.3 percent.
The main driver of this surge is energy prices, which have skyrocketed by 14.3 percent year-over-year.
This increase is even more pronounced on a monthly basis, with energy prices rising 2.9 percent in August compared to July.