Euro Zone Inflation Up 3%, The Highest In A Decade

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Euro zone inflation increased 3% in August from the same month last year and is bound to reach its highest reading in 10 years. The European Central Bank (ECB) will meet on September 9 to discuss its asset purchase program. Q2 2021 hedge fund letters, conferences and more Euro Zone InflationThe increase also thrashed ECB’s expectation of 2%, after a 2.2% jump YoY in June, and according to Eurostat, it was driven by the 15.4% increase in the energy sector. On Monday, Germany reported a consumer price increase of 3.4% in August, the highest since 2008, while France also hit an inflation peak nev…

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