Brussels, 31/07/2008 (Agence Europe) - Inflation in the eurozone has hit a new record high, with consumer prices expected to rise by 4.1% in July 2008 after a 4% rise in June, according to estimates published by Eurostat on Thursday 31 July. Eurozone inflation is new more than double the target level set by the European Central Bank (ECB) of around 2%.
At the start of July 2008, the ECB decided to increase interest rates but the message of the bank's president hinted that the rise might be...