Eurozone Preliminary Inflation rises 9.1% YoY in August

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) rose by 9.1% in August vs. July’s 8.9%, the latest data published by Eurostat showed on Wednesday. The market forecast was for a 9.0% print.

The core figures jumped to 4.3% YoY in August when compared to 4.1% expectations and 4.0% recorded in July.

On a monthly basis, the old continent’s HICP accelerated to 0.5% in August vs. 1.1% expectations and 0.1% previous. The core HICP jumped 0.5% this month against 0.4% expected and -0.2% seen in July.

The Euro area figures are reported a day after Germany’s annual inflation for August, which rose to 8.8% and matched estimates following an 8.5% rise reported in July.