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ECB's Schnabel: Energy Shock More Persistent, Inflation to 4%, Rate Hikes Priced
Valor Econômico·DE · US · IR·1 day ago
Spanish industrial producer prices surged 13.2% year-on-year in August, up 3.8 points from July and the highest since December 2022, driven by energy costs. The sharp acceleration signals renewed pipeline inflation pressures in the eurozone's fourth-largest economy, potentially complicating ECB policy. The data is a single-country release; broader eurozone implications depend on corroborating data.