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Europe Daily Bulletin No. 8715

29 May 2004
Contents Publication in full By article 11 / 32
GENERAL NEWS / (eu) eu/economy
Inflation speeds up considerably in April

Brussels, 28/05/2004 (Agence Europe) - The rate of inflation in the euro zone went from 2.0% in April to 2.5% in May according to a rapid (and provisional) estimate published on Friday by Eurostat. This is the highest level for two years. Acceleration of inflation was expected given the rise in oil prices. The Eurostat estimate takes account of the data available for three Member States of the euro zone (Germany, Belgium and Italy) and also of the evolution of oil prices.

According to the...

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