Eurozone inflation accelerated further to a new record high in June, while core inflation unexpectedly moderated due to the fiscal support measures to contain energy prices, official data showed Friday.
The harmonized index of consumer prices advanced more-than-expected by 8.6 percent on a yearly basis in June, faster than the 8.1 percent rise in May, flash data from Eurostat showed on Friday. The annual rate was expected to rise to 8.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.