Eurozone inflation slips to 5.5%, more central bank rate hikes coming
www.euronews.com
The European Central Bank, along with its peers around the world, has been rapidly raising interest rates to combat inflation

The annual rate of 5.5% was down from 6.1% in May in the 20 countries that use the euro currency, the European Union statistics agency Eurostat said Friday.

Core inflation, which excludes volatile food and fuel and offers a clearer picture of longer-term price pressures, rose slightly to 5.4% from 5.3% the month before.