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.