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Eurozone Preliminary Inflation soars 8.6%

Adel 1 July, 2022 2:27 pm Forex Market, Market Update

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) surged by 8.6% in June vs. the previous reading of 8.1%, the latest data published by Eurostat showed on Friday. The market expected the bloc’s inflation to accelerate by 8.4%.

The core figures dropped to 3.7% YoY in June when compared to 3.9% expectations and 3.8% booked in May.

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