The inflation rate in the Eurozone rose to 3.3% in August, according to data from Eurostat. This figure is higher than the 2.9% recorded in July and exceeds the 2% target set by the European Central Bank (ECB).
Inflation in Germany also showed an increase, standing at 2.9% in August, primarily driven by energy prices. This upward trend in inflation has been observed in several countries in the region.
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