European Inflation Hits Fresh Record High, Adding to Fed Concerns

European inflation rose to a new all-time high this month, data from the region’s official statistics office indicated Wednesday, adding to European Central Bank expectations for rate hikes and testing assumptions to ease price pressures in Europe. the US in the second half of the year.

The European inflation rate for August was estimated at 9.1%, which is higher than analysts’ forecasts of a 9% reading and well above the 8.9% recorded in July for the 19 countries using the single currency. parts.

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