Euro Zone Inflation For August Rises To At Least One.5 Percent Yr-On-Yr, As Opposed To 1.Three Percentage In July

German consumer prices rose 1.8 percent in August, according to the Federal Statistics Office, up from a 1.5 percent annual increase last month.
Meantime, Spain’s harmonized consumer prices rose 2 percent when compared to the same period 12 months ago, amid strong growth in the bloc’s fourth largest economy.
German and Spanish consumer prices were stronger-than-anticipated in August, data showed on Wednesday.
Speaking at Jackson Hole on Friday, Draghi stressed that more time would be required in order for inflation to reach the 19-member bloc’s target of 2 percent.
Last week, ECB President Mario Draghi had called for investors to remain patient regarding the furor over the central bank’s ultra-loose monetary policy.

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