# Euro zone inflation rises above 3%, cementing ECB rate hike bets | Reuters

> Euro zone inflation rose to 3.3% in August from 2.9% in July, driven almost entirely by higher energy costs. Core inflation eased to 2.4%, suggesting underlying price pressures remain modest.

- Date: 2026-09-01 · published 2026-09-01T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/17697-euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Energy-led inflation keeps the ECB on a tightening path, which supports the euro against the dollar and reflects the higher energy costs that feed the cost base of European livestock producers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2024-05-31 | [Eurozone inflation accelerates in May: Are ECB rate cuts in doubt? \| Euronews](https://feedsoft.ai/events/30466-eurozone-inflation-accelerates-in-may-are-ecb-rate-cuts-in-doubt-euronews.md) | +0.4% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/euro-zone-inflation-rises-above-3-cementing-ecb-rate-hike-bets-2026-09-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.