FRANKFURT, July 30 (Reuters) – Euro zone inflation rose faster than expected this month, moving decisively past the European Central Bank’s 2% target with much of this year’s surge still to come.
Inflation in the 19 countries sharing the euro accelerated to 2.2% in July from 1.9% a month ago, easily beating analysts’ expectations for 2% as energy prices continued to surge, data from Eurostat, the EU’s statistics agency showed on Friday.