Prices rising across the Eurozone ...News

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Prices rising across the Eurozone
Expectations for core inflation have been shattered as costs in the service sector grow Core inflation in the euro area accelerated and stayed stubbornly high in June, a preliminary reading revealed on Friday. Head inflation in the 20 countries that share the euro hit 5.5% this month, coming in slightly lower than analyst projections. But core inflation, which excludes energy and food, remained high and surged to 5.4% as price growth in the service sector also rose to 5.4%, up from 5.0% recorded in April. "The core rate is likely to remain well above the 5% mark in the next months which will [require] further rate

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