Eurozone inflation jumped to 4.1% in the year to July, the highest since the measurements began in 1997, according to EU statistics office Eurostat.

Inflation in June in the 15 nation bloc was 4.0%, also well above the European Central Bank's 2.0% target.

Meanwhile, unemployment in the euro zone unexpectedly edged up, in another sign of a slowing economy.

Eurostat revised its May unemployment Zimbabwe to introduce 110bn dollar notes amid hyperinflation ...
ECB marks 10th anniversary ... number up from 7.2 to 7.3% and said it had remained at that level in June.

The European Central Bank (ECB) acted last month to control inflation by increasing its key interest rates for the first time in a year.

Rising food and fuel costs - blamed for rising inflation - encouraged the European Central Bank (ECB) to put its key rate up from 4% to 4.25%.

(BBC)

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