Euro area inflation climbs above 3% in August on higher energy prices

Eurozone August preliminary CPI +3.3% vs +3.3% y/y expected Prior +2.9% Eurozone August preliminary core CPI +2.4% vs +2.5% y/y expected Prior +2.5% No surprises there as headline annual inflation jumps back up above the 3% mark again - the first time since May. This is largely…