This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Euro Area Inflation Rate To Stay At 2.2%, Reports Currencies Direct

LONDON, January 14, 2013 /PRNewswire/ --

Latest figures shows euro zone inflation rate will remain unchanged at 2.2% - the same as in November

The Euro area inflation rate is expected to remain at 2.2%, according to Currencies Direct, one of Europe's leading non-bank providers of currency exchange.

Latest figures published by Eurostat, a directorate-general of the European Commission, predicts the inflation rate for the euro zone area will remain unchanged for a second successive month.

The news will come as a disappointment to European finance ministers following positive efforts to reschedule Greece's debt burden and bolster the euro's performance on foreign exchange markets.

In November euro zone finance ministers finally agreed to reschedule Greece's debt, offering several measures to help alleviate the country's financial deficit. Ministers hope the agreement will cut Greece's debt by up to 20 percent of GDP by 2020 - with the promise of more if the country sticks to its own strict adjustment programme.

Taking a closer look at some of the euro zone's major industries, energy (down 0.5% from 5.7% in November) was expected to have the highest rate in December, followed by food, alcohol and tobacco (up 0.1% from 3.0% in November), services (up 0.25% from 1.6% in November) and non-energy industrial goods (remaining unchanged at 1.1% November).*

*Stats from Eurostat

About Currencies Direct

Currencies Direct is one of Europe's leading non-bank providers of currency exchange payment services. Since its formation in 1996 Currencies Direct has evolved and positioned from being an innovative service provider of foreign exchange for consumers and high net worth individuals into a dynamic and pioneering 'business to business' fully integrated treasury solution service provider. 

Headquartered in the City of London ( United Kingdom) with operations in Europe, Africa, Asia and the United States, Currencies Direct is part of the Azibo Group, a privately owned investment company.

SOURCE Currencies Direct

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs