Consumer prices rose 3%, exceeding the predictions of all 37 economists in a Bloomberg survey. A measure of core inflation that stripped out volatile items such as energy and food reached 1.6%, the highest since 2012.
LONDON: Eurozone inflation jumped to the highest in a decade in August, testing policy makers’ insistence that a post-crisis spike in cost pressures should prove temporary.
Consumer prices rose 3%, exceeding the predictions of all 37 economists in a Bloomberg survey. A measure of core inflation that stripped out volatile items such as energy and food reached 1.6%, the highest since 2012.
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