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The European Union's statistics center said the average inflation rate in the 19 eurozone member states rose by 0.8 percent in the twelve months ending In August to 3.0 percent from the same figure ending last month to distance the rate of re-inflation from the 2 percent level targeted by the central bank of the region, according to The Financial News. At the EU level, the rate averaged 3.2%, up 0.7% from the previous month. Compared to last month, the inflation rate in one country declined and increased in 25 countries.
Inflation in European countries continues to move in an upward trajectory, trimming concerns about a rapid slowdown in inflation. France's final inflation rate rose 0.7 percent in the 12 months ending In August to 1.9 percent from the same period a month ago, the highest inflation recorded in 30 months. The most important factor in the inflation rate during this period was the energy sector, where inflation rose to 12.7%.
On Wall Street, all indices were down, to the point that all three major stock indexes closed lower than they were the day before.
The Dow Jones Idential Orridge index closed down 2.58 percent from the previous day at 33,693.03 points. The S&P 500 fell 2.73 percent to 4,311.76 points and the other major U.S. stock index, the Nasdaq Composite, closed down 3.20 percent at 14,562.17 points.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
