image credit: Unsplash

Europe sees higher inflation on fleeting factors like oil

August 31, 2021

Via: ABC News

Consumer prices spiked higher than expected in Europe in August, boosted in large part by more expensive fuel. Economists say the jump is temporary, but it could raise questions about how persistent higher inflation might turn out to be.

The 19 countries that use the euro currency saw inflation spike to an annual 3.0% in August, up from 2.2% in July, according to figures released Tuesday by European Union statistics agency Eurostat.

Read More on ABC News