Euro Area Registers New Inflation Record

Business | July 31, 2008, Thursday // 00:00

Euro area1 annual inflation is expected to be 4.1% in July 2008 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities.

This is a new inflation record for the Euro area since its establishment in 1999.

The rate is still lower that the experts' predictions of 4,2%, according to a poll conducted by Dow Jones.

The previous inflation record in the Euro area was registered in June, 2008 when the annual inflation was 4%.

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