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Eurozone inflation eased in August, But Remains High At 9.1%
Inflation in the eurozone slowed slightly in August compared to July, coming in at 9.1% vs. expectations of 9.0%, an improvement over July's record high of 8.9%. Energy costs continue to be the main driver of high prices, rising 38.3% in August vs. last year. Food, alcohol, and tobacco also rose at faster rates. Core inflation, which strips out volatile food and energy prices, held steady at 4.3% in August, highlighting broader inflation pressures.
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