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Inflation hits 3.2%, highest since 2023: Are ECB rate hikes inevitable?

Euronews · Jun 2, 2026, 10:12 AM · Also reported by 2 other sources

Why this matters: an international story with cross-border implications worth tracking.

Eurozone inflation rose to 3.2% in May, the highest since 2023, driven by energy and services. Markets now see an ECB rate hike next week as done deal.

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Bloomberg Markets Euro-Zone Inflation Surpasses 3% for First Time Since 2023 Bloomberg Markets China’s Yuan Rises to Highest Level Against Basket Since 2022

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