Eurozone inflation down to 0.4% in July

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The eurozone annual inflation is expected to be 0.4% in July 2014, down from 0.5% in June, according to Eurostat, the statistical office of the European Union.

Looking at the main components of eurozone inflation, services is expected to have the highest annual rate in July (1.3%, stable compared with June), followed by non-energy industrial goods (0.0%, compared with -0.1% in June), food, alcohol & tobacco (-0.3%, compared with -0.2% in June) and energy (-1.0%, compared with 0.1% in June).

At the same time, the area’s unemployment rate was reported to be at 11.5% in June, down from 11.6% in May 2014, and from 12.0% in June 2013. According to Eurostat, both the eurozone and the EU28’s unemployment rates were at their lowest since 2012.

 

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