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 in the eurozone accelerated from 8.1 percent in May to hit an all-time high in June of 8.6 percent.
