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European Inflation Hits Multi-Year Highs Driven by Energy Prices

August inflation rates across the Eurozone reached 3.3%, with individual countries like Greece and Italy reporting similar or higher figures. Economists attribute the surge primarily to escalating energy costs linked to geopolitical tensions in the Middle East.

1 Sept, 10:11 — 1 Sept, 10:11
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ANSAMostly Factual1h ago

Energy prices push up inflation to near-three-year high of 3.3% in August (3)

(ANSA) - ROME, SEP 1 - Rising energy prices due to the Iran war are continuing to push up Italian inflation, which was 3.3% in August, a near three-year high, Istat said Tuesday. According to preliminary estimates, in August 2026, the national consumer price index (NIC), excluding tobacco, will increase by +0.5% month-on-month and +3.3% year-on-year (from +2.9% the previous month). "In August 2026, inflation will rise to +3.3% (from +2.9% in July), supported by the trend in energy prices (fro...

By ANSA

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Coverage Timeline

First report: ANSA · 1 Sept, 10:11Full coverage: 4 · 15mWindow: 15m
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ANSA1 Sept, 10:11First to report

Energy prices push up inflation to near-three-year high of 3.3% in August (3)

el-mundo1 Sept, 10:16

Los precios se disparan en agosto en la Eurozona a máximos de tres años, con España a la cabeza en la antesala de un duro invierno energético

avgi1 Sept, 10:22

Στο 3,7% σκαρφάλωσε ο πληθωρισμός στην Ελλάδα τον Αύγουστο - Στο 3,3% στην ευρωζώνη

der-spiegel1 Sept, 10:26Latest update

Inflation dürfte laut Wirtschaftsforschern 2027 bei drei Prozent liegen

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