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INCREASED INFLATION IN EUROZONE

Oranjestad, October 18th 2011 - The prices of goods and services in the eurozone increased in September with 3 percent on annual basis.
Compared with the previous month, the inflation increased by 0.8 percent. Both figures were consistent with the expectation of economists. In August the inflation was still 2.5 percent on annual basis and 0.2 percent on the monthly basis.

Excluding the volatile prices of food and energy in the euro area the prices raised with 2 percent compared to September 2010. Compared to August 2010, the prices increased with 0.8 percent.

For the entire European Union, inflation in September 2011 went up with 3.3 percent on annual basis and 0.6 percent compared to the previous month.

Ireland
The lowest inflation was recorded in Ireland, with an increase of 1.3 percent, and Sweden (1.5 percent). Estonia had to do with the greatest price increasement of 5.4 percent on annual basis. In the Netherlands, prices ascended by 3 percent compared to last year.

Source: www.nu.nl

 

By orbitalnets.com