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Eurozone Inflation Hits New High, Pressuring ECB to Raise Key Rate More Forcefully

The eurozone’s annual fee of inflation accelerated to a recent document excessive in June, rising the stress on coverage makers on the European Central Bank to transfer extra aggressively after they start raising their key interest rate later this month.

The European Union’s statistics company stated Friday that client costs had been 8.6% increased than a yr earlier, a pickup from the 8.1% fee of inflation recorded in May and the best since information started in early 1997.

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