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?
Note: Maybe the May industrial producer prices? See my "What is driving Eurozone prices up?" post July 7.