Euro-zone inflation hits record 8.6%, boosting case for big hikes

Business Standard LogoBusiness Standard1 mo ago

Euro-zone inflation hits record 8.6%, boosting case for big hikes

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Driven once more by soaring food and energy costs, consumer prices jumped 8.6 per cent from a year earlier in June - up from 8.

Economists surveyed by Bloomberg saw a gain of 8.5 per cent.

The data reflect an escalating squeeze on households and firms across the 19-member currency bloc, where France, Italy and Spain reported new all-time highs this week.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyFinance

Topics: Subscription Inflation Journalism Standard Help Support Content Record Euro-zone Business Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 02:46:00

News Timezone: GMT +5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 447 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 26009

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Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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