(Eurostat) Flash estimates of the euro area’s annual inflation put consumer prices at a higher 3.0% rate in August compared to 2.2% in July.
Energy is expected to be the biggest driver of annual inflation in August at 15.4%, up from July’s 14.3%.
Non-energy industrial goods are expected to show a 2.7% jump in inflation, up from 0.7% in July. Food, alcohol, and tobacco are expected to show a 2.0% jump in inflation, from 1.6% in July, with services inflation up 1.1% from 0.9% in July.
Estonia is expected to lead in inflation gain in August at 5.0%, followed by Lithuania at 4.9%, and Belgium at 4.7%. The lowest inflation gains are expected in Malta at 0.3%, Greece at 1.2%, and Portugal at 1.3%.
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