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Europe Daily Bulletin No. 9953

1 August 2009
Contents Publication in full By article 14 / 25
GENERAL NEWS / (eu) eu/economy

31/07/2009 (Agence Europe) - According to a flash estimate issued by Eurostat on 31 July, the general level of prices in the euro area fell by 0.6% in July. In June, the annual inflation rate was -0.1%. “The fact that, at the moment, prices are falling is not bad news for consumers”, although the trend is not necessarily lasting or widespread, said the spokeswoman of Economic and Monetary Affairs Commissioner Joaquin Almunia. Last month, only 18% of prices actually fell, she pointed out,...

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