Euro area inflation at 2% in July: unemployment at 6.2% with Spain at 10.4%

In a flash release published by Eurostat, the estimated inflation rate of the Euro area in July is set to remain stable at 2% with food and services rising and energy prices decreasing. Malta’s estimated inflation rate for July is also set at 2.5% in line with its 2.5% June figure.

In a separate release, Eurostat released unemployment figures with the unemployment in June in the the Euro area at 6.2% and 5% for the European Union. Malta has retained the lowest unemployment rate in the EU with 2.5%. Spain has the highest unemployment rate in the EU at 10.4%. Unemployment figures provided by Eurostat for Sweden and Finland differ from official national figures due to different methodologies with the official local figures being lower than those presented by Eurostat.

Maltese Herald

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