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High inflation in the Euro zone: 4%, says Eurostat

de A.C.
Luni, 30 iunie 2008, 13:43 English | Business

The annual inflation in the Euro zone reached 4% in June, Eurostat informs. The level represents the highest rate since 1999. The previously recorded inflation rate was of 3.7% last month. An important cause was the constant increase of fuel prices which exceeded last week a symbolic level of 140 dollars per barrel. Moreover, the increase of food prices had a direct influence on causing high inflation. 

The 4% level represents a rough signal for the Central European Bank whose inflation rate for the Euro zone is 2%.

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