Inflation soars in the eurozone | Key4Communications | News

The eurozone inflation rose a half point to 3% in September, above expectations and surpassing the 2% ceiling established by the European Central Bank for 2012. This increase in inflation would hinder a reduction in interest rates, which could be done with the aim of stimulating credit and thus investment.

Unemployment remained unchanged in August, with a rate of 10% for the third consecutive month in the eurozone, while in the European Union as a whole it stood at 2.5%. Unemployment in Spain grew by one tenth to 21.2%. The countries with the lowest unemployment figures are Austria (3.7%), Holland (4.4%) and Luxembourg (4.9%).