Bank of England must ‘see job through’ on cost of living; eurozone inflation higher than expected – as it happened

Live, rolling coverage of business, economics and financial markets with focus on whether price pressures will ease across big economies

Eurozone unemployment stayed stable at 6.4%, so it is the inflation data that will be the focus for economists.

Food, alcohol and tobacco was the main driver of inflationary pressure, Eurostat said.

Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in August (9.8%, compared with 10.8% in July), followed by services (5.5%, compared with 5.6% in July), non-energy industrial goods (4.8%, compared with 5.0% in July) and energy (-3.3%, compared with -6.1% in
July).