scorecardresearchEuro-Zone Inflation Hits Record, Backing Calls for Larger Hikes

Euro-Zone Inflation Hits Record, Backing Calls for Larger Hikes

Updated: 29 Jul 2022, 02:42 PM IST
TL;DR.
Euro-zone inflation climbed to another all-time high, supporting calls for the European Central Bank to follow up its first interest-rate hike since 2011 with another big move.
FILE - Euro banknotes lie on a table in Munich, Germany, on March 30, 2022. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency. (AP Photo/Matthias Schrader)

FILE - Euro banknotes lie on a table in Munich, Germany, on March 30, 2022. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency. (AP Photo/Matthias Schrader)