Economic Buzz: Eurozone Inflation Spikes 8.6% In June

19 Jul 2022 , 03:34 PM

Euro area inflation accelerated as estimated in June to set a fresh record high, driven by higher energy and food prices, latest data from Eurostat confirmed. Headline consumer price inflation surged to 8.6 percent from 8.1 percent in May. Core inflation, which excludes prices of energy, food, alcohol and tobacco, slowed to 3.7 percent from 3.8 percent. Compared to the previous month, consumer prices rose 0.8 percent in June. Powered by Commodity Insights