Eurozone Inflation Rises to 3.2%, Core Pressures Begin to Ease

Eurozone annual CPI accelerated from 2.9% to 3.2% in August, revised down from the preliminary 3.3% estimate. Core inflation eased to 2.4% from 2.5%, signaling early disinflation in services and underlying price pressures. This mixed signal—headline elevated but core softening—reinforces expectations for ECB caution on further rate hikes.