Eurozone inflation rises to 3.2%, energy prices up 14.3%

According to Eurostat's final data, eurozone inflation accelerated in August to 3.2% year-on-year, up from 2.9% in July, driven mainly by energy price increases of 14.3%. Energy market disruptions are linked to war with Iran. Core inflation excluding energy and food fell slightly to 2.4%, and services inflation declined to 3%, signaling weakening demand pressure. The figures complicate the European Central Bank's interest rate decisions.

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