Inflation Tops 9% in Eurozone, Piling Pressure on Policy Makers

Inflation in the eurozone rose to a recent file in August, underscoring the financial shock dealt by Russia’s war in Ukraine and growing the stress on the European Central Bank to reply by elevating rates of interest aggressively subsequent week.

Eurozone shopper costs have been 9.1% larger than a 12 months earlier, a pickup from the 8.9% charge of inflation recorded in July, the European Union’s statistics company stated Wednesday. That is the very best charge since information started in early 1997.