Eurozone inflation hits record high of 8.6% in June
By Michele Maatouk
Date: Friday 01 Jul 2022
(Sharecast News) - Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.
Inflation in the bloc rose to 8.6% from 8.1% in May, with energy the biggest upward contributor, at 41.9%, up from 39.1% in May.
This was followed by food, alcohol & tobacco, at 8.9% versus 7.5% in May, non-energy industrial goods, at 4.3% versus 4.2% and services, at 3.4% compared with 3.5%.
Analysts had been expecting headline inflation to come in at 8.4%.
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