Tag: euro area

Inflation Roars to All-Time High of 8.6 Percent in Euro Area, Boosting Case for Rate Hike

Inflation in the 19 European nations that share the euro currency surged to a record high in June, official data shows, as pressure builds on monetary authorities to deliver the first rate hike in 11 years to cool soaring prices. Eurostat, the E.U.’s statistical agency, said on July 1 (pdf) that the annual pace of…


Inflation Heats Up in Eurozone, Hitting Record High in May

Inflation in the 19 countries that share the euro currency jumped to a record high in May, according to Eurostat, the E.U.’s statistical agency, with soaring energy prices driving the bulk of the uptick. Eurostat said in a June 17 statement (pdf) that inflation in the euro area jumped to an annualized 8.1 percent last…