Eurozone inflation up, unemployment stable – Eurostat

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The eurozone annual inflation is expected to be 0.4% in October 2014, up from 0.3% in September, according to a flash estimate from 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 October (1.2%, compared with 1.1% in September), followed by food, alcohol & tobacco (0.5%, compared with
0.3% in September), non-energy industrial goods (-0.1%, compared with 0.2% in September) and energy (-1.8%, compared with -2.3% in September).

At the same time, seasonally-adjusted unemployment rate was 11.5% in September 2014, stable compared with August 2014, but down from 12.0% in September 2013. The EU28 unemployment rate was 10.1% in September 2014, also stable compared with August 2014 and down from 10.8% in September 2013. These figures are published by Eurostat, the statistical office of the European Union.

Among the Member States, the lowest unemployment rates were recorded in Germany (5.0%) and Austria (5.1%), and the highest in Greece (26.4% in July 2014) and Spain (24.0%).

Compared with a year ago, the unemployment rate fell in twenty-one Member States, increased in six and remained stable in Belgium. The largest decreases were registered in Hungary (10.0% to 7.6% between August 2013 and August 2014), Spain (26.1% to 24.0%) and Portugal (15.7% to 13.6%), and the highest increases were registered in Finland (8.2% to 8.7%) and France (10.3% to 10.5%).



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