Euro area inflation nudges up in August to 3.2% as energy prices jump - investingLive

The breakdown The final estimate shows a mild revision lower to headline annual inflation, recording 3.2% in August. The monthly estimate still reaffirms a 0.4% move higher in consumer prices, pushing up the annual rate to the highest since May. Energy price inflation remains the main culprit here, with that rising 14.3% in August compared to 10.3% in July. Meanwhile, services inflation remains sticky at 3.0% in August but at least down from 3.3% in July. With that, core annual inflation is at least seen easing slightly to 2.4% in August compared to the 2.5% estimate in July. The ECB focuses more on the core reading, so this will at least afford policymakers some extra room before needing to rush and act too hastily on monetary policy.