facebook
twitter
rss
account
search
search
 

Eurozone inflation climbed in June

July 16, 2013 at 8:23 AM   |   Comments

BRUSSELS, July 16 (UPI) -- The annual inflation rate jumped to 1.6 percent in June in the 17-member eurozone, Eurostat said Tuesday.

The inflation rate a year earlier stood at 2.4 percent.

From June to July, prices rose 0.1 percent in the eurozone, the countries that use the euro as currency, the data agency said.

Inflation remains under the European Central Bank's target of 2 percent or less, but recent gains are significant. Inflation slipped from 2 percent at the first of the year, to 1.2 percent in April, and has clicked 0.2 percentage points higher in each of the past two months.

Tuesday's report confirms the data agency's flash estimate released in early July.

Including the 27 members of the European Union, Eurostat said Greece had the region's lowest annual inflation rate with prices off 0.3 percent. In Latvia and Poland, the inflation rate in June was 0.2 percent.

The highest rates in Europe were posted by Romania, Estonia and the Netherlands with inflation rates at 4.5 percent, 4.1 percent and 3.2 percent, respectively.

The annual inflation rate for the 27-member EU came to 1.7 percent in June, up from 1.6 percent in May, Eurostat said.

© 2013 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
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
4
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
5
$3 gas could make a comeback $3 gas could make a comeback
Trending News
Video
x
Feedback