Eurozone: Inflation year-on-year moderated in July; unemployment Rate at its lowest level since 2009

The inflation year-on-year preliminary Eurozone increased by 1.3% in July, as expected, down from 1.4% in may. The countries with the lowest inflation rate were Ireland (-0.6%), Denmark (0.4%) and Romania (0.7%), while those that obtained the highest rates are in Lithuania (3.5%), Estonia and Latvia (both 3.1%).

The underlying index of preliminary consumer prices rose 1.3% year-on-year in the Eurozone during the month of July, outperforming the rise and rise of 1.2% from June and an increase of 1.1% expected. Confirmation of this result, we would be faced with the biggest increase seen since march of 2013.

For its part, the unemployment rate in the Eurozone fell a tenth in June, to stand at 9.1% compared to 9.2% prior and expected. This is the lowest rate seen in the indicator since February of 2009.

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