7/1, 11:00 AM (Source: TeleTrader)
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Eurozone inflation soars to record 8.6% in June

The euro area's annual inflation further increased in June to reach record 8.6%, according to a preliminary report published by Eurostat on Friday.

Energy had the highest impact on the annual rate, soaring 41.9% compared to June last year, followed by the price increases of food, alcohol & tobacco of 8.9%, non-energy industrial goods, and services.

Estonia and Lithuania recorded the highest rise in consumer prices of over 20%, while on the other hand, inflation was the lowest in France and Malta, below 7%. The final results are set to be published on July 19.

Baha Breaking News (BBN) / ND