Jul 31, 2008
The inflation reached 4.1% annual rate in the euro area
Inflation record in the euro area in July to 4.1%The inflation reached 4.1% annual rate in the euro area in July, a new record, in accordance with the consensus of economists shows the instant estimate published by Eurostat.
Inflation in consumption was 4.0% in June in the euro area and economists polled by Reuters anticipated for July rate of 4.1% on average.
Fifteen inflation is now more than twice the ceiling under which the European Central Bank intends to contain it.
But many economists believe the ECB should not raise interest rates this year, slower growth in the Europe of 15 before they lead to a limitation of inflationary pressures.
The ECB has already raised early July its main rate to 4.25%.
The first estimate of inflation in the euro zone published by Eurostat figure does not include any detailed but data published separately showed an acceleration of inflation. In Germany, the latter remained at 3.3%, the highest since 1993.
Martin Grajewski, French Stanislas Dembinski
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by erectusplus at 5:36 AM |
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