Thu, 31 Oct 2013 15:57:19 GMT
Eurozone inflation at almost 4-years low amid unemployment growth
The seventeen-nation's inflation rate declined to 0.7%, the lowest level since 2009, receding from ECB's 2% target,as energy prices dropped by 1.7% this month, almost twice as in September, while the unemployment rate continue to grow. Nevertheless, the ECB makes optimistic forecasts of 1.5% inflation rate later this year, and 1.3% in 2014.