Eurozone inflation hits a Middle East war high, but core pressures remain contained
Yes, headline inflation increased from 2.9 to 3.3% in August, but core inflation fell back to 2.4%. Upside risks to inflation remain aplenty but the core rate remains surprisingly benign six months into the Middle East conflict.
Yes, headline inflation increased from 2.9 to 3.3% in August, but core inflation fell back to 2.4%. Upside risks to inflation remain aplenty but the core rate remains surprisingly benign six months into the Middle East conflict.
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