Inflation & Prices
Euro-Zone Inflation Hits Record as ECB Hawks Push Jumbo Hike
- Consumer prices surged 9.1% from year ago in August; est. 9%
- Report comes as ECB debates size of next week’s rate increase
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Euro-area inflation accelerated to another all-time high, strengthening the case for the European Central Bank to consider a jumbo interest-rate hike when it meets next week.