According to the Eurostat:
June 2011 Eurozone annual inflation stable at 2.7% (ie same as in May).
In the EU (27( it is down to 3.1%
Was the ECB new rate hike from 1.25% to 1.5% needed last Thursday then?
Why?
Note: Maybe the May industrial producer prices? See my "What is driving Eurozone prices up?" post July 7.
A similar reflection: http://aleschmelar.wordpress.com/2011/04/08/dr-competitivelove-or-how-i-learned-to-stop-worrying-and-love-inflation/
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