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European Prices Fall 0.6% in July

European Prices Fall 0.6% in July

Write: Cadence [2011-05-20]

The statistics of the European Union statistics office, announced on July 31, show that, prices in the euro region dropped 0.6 percent in July to the lowest since its establish in 1999.

The euro area price fell from 0% in May to 0.1% this June. According to the former experience, the statistics of the office can reflect the truth.

The European Union statistics office has not announced publicly the annual inflation of July of the whole EU. But the EU annual inflation of June is 0.6%, lower than 0.8% in May.(Freedom)