Eurozone August preliminary CPI 9.1% vs 9.0% y/y expected

• Prior 8.9%
• Core CPI 4.3% vs 4.1% y/y expected
• Prior 4.0%

Eurozone inflation hits another record in August, with the core reading also climbing further on an annual basis. There is little doubt now that a 75 bps rate hike is in the bag now for the ECB, especially after all the more aggressive talk by policymakers over the past week.