Euro Area Inflation Continued To Remain High 2.7% In June.

2011/7/19 14:12:00 43

In July 14, 2011, European Union The revised data released by the Statistics Bureau showed that in June 2011, the euro area currency The rate of expansion is consistent with the previous prediction, still 2.7%.

Though with May Inflation rate Flat, but this is already the seventh euro zone inflation rate in the past 2% months, which is significantly higher than the European Central Bank's set a warning line for maintaining price stability. In the same period of 2010, the euro area inflation rate was only 1.5%.

Eurozone data show that euro zone energy in June Price Up 10.9% over the same period. The euro zone inflation rate was 1.6% in June if excluding volatile commodities such as energy, food, cigarettes and alcohol.

　　 data It also showed that the inflation rate of the 27 EU countries decreased from 3.2% in May to 3.1% in June. Among them, the highest inflation rate was 8%, while Sweden's lowest rate was 1.5%. The recent inflation rate of concern is 3%.

Despite the severe debt situation in Greece and other euro zone countries, the European Central Bank raised the euro zone's leading interest rate by 0.25 percentage points to 1.50% on 7 April to curb rising prices. Analysts believe that in the face of high inflation rate, the European Central Bank will not exclude the possibility of raising interest rates again during the year.