German wholesale prices jumped 6.8% year-over-year in August, the fastest pace since February 2023, just as ECB board member Isabel Schnabel called recent energy-price moves "quite concerning." The central bank's temporary-shock assumption looks shakier by the day.
ECB hawk Isabel Schnabel left the door open on further tightening after last week's 25bp hike, calling recent oil, diesel and gas moves quite concerning as euro-area energy inflation jumped to 14.3%. Source
