Eurozone Inflation Rises To Record High As Estimated

Eurozone inflation accelerated to a new record high in June, as estimated, driven by energy prices, and reinforced hopes for aggressive interest rate hikes. The harmonized index of consumer prices increased 8.6 percent on a yearly basis in June, faster than the 8.1 percent rise in May, final data from Eurostat showed on Tuesday. The rate came in line with the flash estimate published on July 1.

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