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Thread: Eurozone inflation nears four-year low

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    Eurozone inflation nears four-year low

    Original story HERE at BBC News


    31 October 2013 Last updated at 07:25 ET

    Eurozone inflation nears four-year low


    Eurozone inflation in October fell to 0.7%, its lowest since February 2010, thanks to a fall in energy costs.

    Official figures also showed the currency bloc's unemployment at another record high in September.

    The figures increase pressure on the European Central Bank (ECB) to cut interest rates further.

    Core inflation, which does not include energy, food, alcohol and tobacco, also fell from an annual rate of 1.4% to 1.1%.

    The jobless rate in the 17 euro-using countries was unchanged from August's figure, although that month's rate was revised up to 12.2%.

    However, the Eurostat agency said that 60,000 more Europeans were unemployed than in the month before.
    Youth

    Young Europeans, aged between 15 and 24, have been most affected by the eurozone crisis, particularly in the worst-hit countries, such as Spain and Greece.

    The unemployment rate in Germany, the strongest economy among the 17 nations, fell slightly to 5.2% after holding steady for the previous three months.

    France, the second largest economy, and Italy, the next largest, saw a small rise in their jobless rates.

    European leaders have made tackling unemployment, a key cause of political unrest, a high priority.
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  2. #2
    I'll most likely shit myself



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    Well that is a more realistic view of inflation than what we eve see. 0.7% per month is 8.4% yearly. That is closer to what we are having. Then they show the difference without energy, food, etc.
    Another thing in that article is showing a 12% unemployment figure. If ours was calculated as it should be, I would guess ours is between 12-15%.

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    NVG....totally a work deduction!


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    Quote Originally Posted by bacpacker View Post
    Well that is a more realistic view of inflation than what we eve see. 0.7% per month is 8.4% yearly. That is closer to what we are having. Then they show the difference without energy, food, etc.
    Another thing in that article is showing a 12% unemployment figure. If ours was calculated as it should be, I would guess ours is between 12-15%.
    When they report 0.7% they are annualizing that rate, that is the rate for the year, of course its a crock of shit with all the games they play with the numbers

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