According to preliminary data released by Eurostat on September 1, the Eurozone inflation rate in August 2026 was 3.3% annualized, which is a significant increase from 2.9% in July. According to the data, energy prices in the Eurozone rose 14.3% year on year in August, a significant increase from 10.3% in July, which was the main factor driving up the overall inflation rate; service prices rose 3.0% year on year, down from 3.3% in July; and prices of non-energy industrial products rose 1.2% year on year, up from 0.9% in July. Food, alcohol and tobacco prices rose 1.2% year over year, the same increase as in July. Excluding energy, food, alcohol and tobacco prices, the Eurozone core inflation rate in August was 2.4%, down slightly from 2.5% in July. Looking at countries, the inflation rate of major Eurozone economies generally rebounded in August. Among them, the inflation rate in Germany rose to 2.9% from 2.8% in July, France from 2.4% to 2.7%, Italy from 2.9% to 3.2%, and Spain from 3.9% to 4.5%. European Central Bank Council member and Bank of Finland Governor Olli Rehn warned a few days ago that in the face of current inflationary pressure, the ECB “must not be taken lightly.”

According to preliminary data released by Eurostat on September 1, the Eurozone inflation rate in August 2026 was 3.3% annualized, which is a significant increase from 2.9% in July. According to the data, energy prices in the Eurozone rose 14.3% year on year in August, a significant increase from 10.3% in July, which was the main factor driving up the overall inflation rate; service prices rose 3.0% year on year, down from 3.3% in July; and prices of non-energy industrial products rose 1.2% year on year, up from 0.9% in July. Food, alcohol and tobacco prices rose 1.2% year over year, the same increase as in July. Excluding energy, food, alcohol and tobacco prices, the Eurozone core inflation rate in August was 2.4%, down slightly from 2.5% in July. Looking at countries, the inflation rate of major Eurozone economies generally rebounded in August. Among them, the inflation rate in Germany rose to 2.9% from 2.8% in July, France from 2.4% to 2.7%, Italy from 2.9% to 3.2%, and Spain from 3.9% to 4.5%. European Central Bank Council member and Bank of Finland Governor Olli Rehn warned a few days ago that in the face of current inflationary pressure, the ECB “must not be taken lightly.”