Euro Area headline inflation (August) was confirmed at 9.1% today, a fresh record high. Energy prices continue to rise, along with food, alcohol and tobacco, and services. On a monthly basis, consumer prices rose by 0.6%, a fraction higher than the preliminary reading of 0.5% and a prior reading of 0.1% in July.
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Next week sees four major central banks announce their latest monetary policy decisions, with Wednesday’s FOMC release arguably the most important of them all.