Eurozone inflation soars to new high

Eurozone inflation rose in June 2008 to the highest rate since the bloc's 1999 formation, new data published on the 30 June 2008 showed, as political opposition mounted to a widely expected move by the European Central Bank to raise its main interest rate in early July 2008.

Deutsche Bank Research: Talking Point, 30.6.08: Inflation rears its head http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000227611.pdf

Deutsche Welle, 1.7.08: Europe Poorer in the Face of Rising Prices http://www.dw-world.de/dw/article/0,2144,3451970,00.html

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