Month: July 2015

Eurozone inflation and unemployment hold steady in July

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FILE - A Thursday, Aug. 30, 2001 photo from files showing an employee at the State Central Bank in Hanover, northern Germany, holding a group of euro notes. The European Union's executive arm has given tiny Latvia the go-ahead to become the 18th country to join the troubled euro currency union next year. EU officials say that Latvia's desire to join is a vote of confidence in the shared currency and disproves predictions that the eurozone might break up. The European Commission gave the thumbs up Wednesday, June 5, 2013, after a required review. (AP Photo/Fabian Bimmer, File)

Inflation in the eurozone held steady in July, as falling energy prices offset rises in industrial goods.
The annual inflation rate stayed at 0.2%, according to the flash estimate from the EU’s statistics agency Eurostat.
Energy prices fell 5.6%, compared with a 5.1% drop in June. Food, alcohol and tobacco prices rose 0.9%.
Eurostat also said that the unemployment rate was unchanged at 11.1% in June, for the third month. Continue reading →