facebook
twitter
search
search

Eurozone CPI estimated at 2.4 percent

July 31, 2012 at 10:24 AM

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.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting