facebook
twitter
rss
account
search
search
 

Eurozone CPI estimated at 2.4 percent

July 31, 2012 at 10:24 AM   |   Comments

BRUSSELS, July 31 (UPI) -- The 12-month consumer price index in the 17-member eurozone was unchanged in July, Eurostat estimated Tuesday.

The inflation rate in the the report, which held at 2.4 percent on an annual basis for the second consecutive month, is considered a flash estimate, which means it could be revised as more data becomes available.

The rate is fairly reliable statistically. Over the past two years, the flash estimate has been spot on 19 times and off by 0.1 percentage points on five other occasions, Eurostat said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
U.S. not open for Kurdish oil, Baghdad says
2
Apple in talks to launch iPhone wallet
3
Iran boasts of nuclear energy potential
4
U.S. Navy receives new attack submarine
5
Libya claims oil output growing
Trending News
Video
x
Feedback