Eurozone inflation rate in July confirmed at 1.7%

20:53, August 16, 2010      

Email | Print | Subscribe | Comments | Forum 

The annual inflation rate in the Eurozone rose to 1.7 percent in July, the European Union (EU)'s statistical bureau Eurostat confirmed its first estimate on Monday.

The figure was 0.3 percentage point higher than that in June, moving closer to the 2 percent target set by the European Central Bank to maintain price stability.

For the 27-member EU, the annual inflation rate reached 2.1 percent in July, up from 1.9 percent in June, according to Eurostat.

In July, Ireland saw the lowest annual rate, which was -1.2 percent, while Romania registered the highest rate, which was 7.1 percent, followed by Greece and Hungary, which was 5.5 percent and 3.6 percent respectively.

Germany, the largest economy in the Eurozone, saw its prices increase by 1.2 percent.

According to Eurostat, the main factors that drove the annual inflation rates up were transport, alcohol and tobacco, and housing.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion