French Inflation Climbs to Fresh Record in June

The transcript discusses the pressure on the European Central Bank (ECB) to address inflation in the eurozone, particularly after French inflation hit a Euro-era high of 6.5% in June. The French government has implemented measures to mitigate inflation, which would be higher without these interventions. The ECB plans to raise interest rates for the first time in over a decade, with a 25 basis point hike expected, though a 50 basis point increase is also being considered. The discussion highlights the broader economic challenges and the ECB's response to inflationary pressures.

How does France's inflation compare to other euro area countries according to the text?

What was the inflation rate in Spain mentioned in the text?