Economics
Spanish Inflation Soars to 10% as ECB Gears Up for Hikes
- June rate far exceeds economists’ estimate for 8.7% reading
- Data from Germany, France and euro zone also due this week
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Spanish inflation unexpectedly surged to a record, defying government efforts to rein it in and signaling intensifying price pressure as the European Central Bank gears up to raise interest rates for the first time in more than a decade.