Tuesday, 2 July 2013

Euro Area Flash Estimate: Food, Alcohol & Tobacco Prices - Annual Increase of 3.2 % in June

Eurostat reports,
Flash estimate - June 2013
Euro area annual inflation up to 1.6%
Euro area annual inflation is expected to be 1.6% in June 2013, up from 1.4% in May, according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in June (3.2%, stable compared with May), followed by energy (1.6% compared with -0.2% in May), services (1.4% compared with 1.5% in May) and non-energy industrial goods (0.7% compared with 0.8% in May).
 Not good news for all the unemployed in the euro area

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