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Eurozone inflation hits record 8.6% in June; just ahead of ECB's rate hike Updated: 2022-07-01 21:06:43 KST

Inflation in countries using the euro currency has hit another record high.
Europe's statistics office 'Eurostat' said Friday that consumer prices surged by 8.6 last month, past the 8.1 percent recorded in May.
Inflation is now at its highest level since records began in 1997.
This comes as the European Central Bank prepares for its first rate hike in 11 years later this month.
This was mainly due to soaring energy prices led by the prolonged war in Ukraine.
Energy prices spiked almost 42-percent compared to the same month the previous year.
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