Eurozone Inflation Eased To 2.7% In May31 May, 2011, 17:52. Posted by Zarathustra
Tags: Economy, Europe, Eurozone, Inflation
The flash estimate by Eurostat shows that inflation unexpected eased from 2.8% in April to 2.7% in May. The market was expecting 2.8% of inflation.
Last month, of course, the European Central raised interest rate by 25 basis on the concern of inflation. The current concerns on Greece and other peripheral countries, however, might prove that inflation shouldn’t probably be the main concern.