Inflation in the euro zone reached 3.3% in August, the highest level in three years, according to recent reports. This rise follows a new increase in oil and gas prices, which was triggered by the resumption of hostilities between the United States and Iran at the beginning of July. These tensions disrupted global energy markets, leading to higher costs for essential resources and contributing to the upward pressure on prices across Europe. The renewed inflation is now influencing the ongoing presidential election campaign in France, where candidates are addressing concerns about its effects on wages, government policy options, and the purchasing power of citizens. With everyday goods and services becoming more expensive, voters are increasingly focused on how inflation might affect their livelihoods and the economy as a whole. The situation has sparked discussions about whether this marks a significant return of inflation in Europe and France, particularly after a period of relative price stability. Some are questioning whether the European Central Bank (ECB), which manages monetary policy for the euro zone, will take action to curb rising prices. The ECB's response could have wide-reaching implications for interest rates, economic growth, and inflation control across the region. Economists Stéphanie Villers and Jean-Hervé Lorenzi are set to discuss these issues, offering insights into the causes of the current inflationary trend and potential policy responses. Their analysis will be closely watched by policymakers, businesses, and citizens as Europe navigates this new economic challenge.