Eurozone Inflation up to 8.6 Percent

French Inflation in December is Unexpectedly Lower

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Inflation in the eurozone rose further in June to 8.6 percent, after 8.1 percent in May. This is apparent from a first estimate by the European statistical office Eurostat.

Higher energy prices are the main driver of inflation, but food prices, including alcohol and tobacco, are already 8.9 percent higher on an annual basis.

According to the European calculation method, inflation will be 10.5 percent in June. The Baltic states are leading the way, with an inflation rate of 22 percent in Estonia.