Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1007 Sat. March 31, 2007  
   
Business


Euro-zone inflation may rise to 1.9pc


Inflation in the euro-zone will probably reach 1.9 percent in March, the European Union announced Friday.

The EU's statistics agency Eurostat also said that unemployment in the 13 countries that use the euro dropped to a new low of 7.3 percent in February. The jobless rate stood at 7.4 percent in January.

The Netherlands had the lowest euro-zone unemployment rate with 3.5 percent, while provisional figures for France posted the highest with 8.8 percent.

Unemployment in Germany dropped from 7.6 percent in January to 7.1 percent in February.

The inflation estimate sees the first rise in prices in the euro-zone for this year, Eurostat said. Inflation in the euro-zone held stable at 1.8 percent in February.