Euro inflation creeps above ECB target 

Price levels across the euro zone rose to 2.1% last month, Eurostat figures show 

Irish inflation, as measures by the ECB's Harmonised Index of Consumer Prices (HICP), was predicted to rise to 1.8% in August, up from 1.6% in the previous month.

Inflation in the 20-country eurozone climbed slightly in August, marginally exceeding the European Central Bank's (ECB) target of 2%.

Price levels across the euro zone rose to 2.1% last month, new data released on Tuesday shows, creeping up from 2% in July, with the rise underpinned by increases in unprocessed food and a smaller drag from lower energy costs.