posted at 02:50
Author Name: Sam Ro
Eurozone Inflation, July 2014
Eurozone consumer prices climbed by just 0.4% year-over-year in July. This was down from 0.5% in June, and it was worse than the 0.5% expected by economists. This was also the tiniest increase in prices since October 2009. "Looking at the main components of euro area inflation, services is expected to have the highest annual rate in July, followed by non-energy industrial goods, food, alcohol & tobacco and energy," said Eurostat. Combined with the stubbornly high unemployment rate, this puts increasing amount of pressure on the European Central Bank to leverage monetary policy in an effort to stimulate economic activity and stoke inflation.

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