Eurozone inflation reaches all-time high at 4% - Azi

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Annual inflation in the eurozone hit a record high of 4% in June heightening expectations that the European Central Bank (ECB) will increase its monetary policy rate, currently at the same level, 4%.

This is the highest value reached since its introduction of the consumer price index in 1997 that measures eurozone inflation. Price growth in the eurozone sped up from 3.7% in May reaching double the level of the ECB target of 2%, due to the continuous increase in energy and food prices. Analysts...

Read the whole story in: Ziarul Financiar