The euro area year-on-year inflation rate is expected to have reached 3.3% in August, representing an increase compared to the 2.9% recorded in July, according to preliminary data released by Eurostat this Tuesday. This value remains above the 2% target set by the European Central Bank as its objective for price stability.
The energy sector was the main driver of this acceleration in inflation, with prices in this segment rising by 14.3% in the month of August. This evolution contributed significantly to the overall increase in the inflation rate in the euro area.
The news, marked as being updated, continues to track the evolution of European economic indicators and the impact of energy price variations on the region's economy.




