Eurozone inflation hits new high, presses ECB to raise key rate more aggressively

The eurozone annual inflation rate rose to a new record high in June, increasing pressure on policymakers at the European Central Bank to move more aggressively after they start raising key interest rates later this month.

The European Union’s statistics agency said on Friday that consumer prices were 8.6 percent higher than a year earlier, an uptick from the 8.1 percent inflation rate recorded in May. and the highest since the record began in early 1997.

https://www.wsj.com/articles/eurozone-inflation-hits-new-high-pressuring-ecb-to-raise-key-rate-more-forcefully-11656689086?mod=pls_whats_news_us_business_f Eurozone inflation hits new high, presses ECB to raise key rate more aggressively

Luke Plunkett

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