Welcome to Argentina. Soon you will have no retirement money and middle class will get destroyed just like in Latin America or South America
All those high middle classes from the rich countries will join the poor middle classes of the world.
Consumer prices increased by 3% this month from a year ago, according to preliminary estimates.
If this figure is confirmed in a few weeks’ time, it would represent the highest inflation reading in 10 years.
The ECB, due to meet Sept. 9, is expected to discuss the future of its asset purchase program as its governing council seems divided about when to start relaxing stimulus measures.
LONDON — Inflation in the euro zone rose again in August, ahead of a closely-watched European Central Bank meeting in just over a week’s time.
Consumer prices increased by 3% this month from a year ago, according to preliminary estimates published Tuesday, after rising by 2.2% in July.
If the August figure is confirmed in a few weeks’ time, it would represent the highest inflation reading for 10 years.
This comes after Germany reported on Monday its highest consumer prices since 2008, with a headline inflation rate of 3.4% in August. France also reported its highest inflation rate in nearly three years on Tuesday.