The inflation rate is constantly increasing in Europe

Old World starts the summer with rising inflation

In brief: Inflation in the euro area starts to grow because of the weakness of the single European currency and the fear of new defaults in the Old World.

Inflation becomes a new challenge for Europe. Consumer prices in the area of treatment of a single European currency (euro), according to preliminary data, in May 2010. on an annualized basis rose by 1,6%.

It is stated in a report published today by the European statistical agency Eurostat. Analysts expected, inflation in the euro area in April amount to 1,7% in annual terms. It should be recalled that in April 2010. consumer price index in the euro area rose by 1.5% relative to the same month a year earlier. Detailed data on inflation in May in the euro zone, as well as 27 European Union countries will be published on June 16 this year.

Ukrainian Globalist
2010-05-31 16:07, Economics.

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