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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (8981)	6/16/2008 5:07:49 AM
From: RockyBalboa	Respond to of 71454

More lying on the big board; fake numbers in Euroland! I can not stand those lying douchebags anymore...I´m a consumer! Core Inflation in Europe: 1.7% Y/Y (below consensus!) Overall Inflation: 3.7% (Median Inflation in EU25: 8.75%) DATA SNAP:Euro-Zone May CPI Revised Up To 3.7% YY;16-Yr High Mon, Jun 16 2008, 09:00 GMT djnewswires.com DATA SNAP:Euro-Zone May CPI Revised Up To 3.7% YY;16-Yr High By Emma Charlton Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Euro-zone consumer prices rose at a faster-than-expected rate in May, data from the European Union's official statistics agency Eurostat showed Monday, increasing the chances that the European Central Bank will hike interest rates in July. Prices in the 15 countries that share the euro rose at a rate of 0.6% on the month, and 3.7% on the year in May, boosted by higher fuel and food costs. The annual rate was above market expectations and an upward revision from an initial estimate of 3.6% released last month. In April prices rose 0.3% on the month and 3.3% on the year. The May data marks the ninth straight month that consumer prices have risen at a rate faster than the ECB's inflation target of just below 2%, and makes it more likely that the central bank will raise interest rates by 25 basis points to 4.25% at its July meeting. Over the twelve months to May, fuel prices for transport rose 15.2%, while heating oil costs rose 47.5% - pushing the overall annual rate to its highest level since records began in 1992. Food prices were also a major contributor to the higher-than-expected figure, with milk, cheese and eggs prices rising 13.6% on the year. Prices of bread and cereals rose 9.6% over the year, while fruit prices were up 7.4% over the same period. Prices of audio visual equipment fell 10.4% and I.T. prices fell 14.3% over the year, Eurostat said. The rate of core inflation, which excludes energy, food, alcohol and tobacco, was 0.3% on the month and 1.7% on the year. Excluding only tobacco prices, the consumer price index rose 0.6% on the month in May and rose 3.7% on the year. Over the single month of May, Eurostat said that prices associated with fuels for transport, heating oil and package holidays had the largest upward impacts, while prices of cars, milk, cheese and eggs and garments had the biggest downward impacts. -By Emma Charlton, Dow Jones Newswires, +44 20 7842 9307, emma.charlton@dowjones.com (END) Dow Jones Newswires June 16, 2008 05:00 ET (09:00 GMT) Copyright 2008 Dow Jones & Company, Inc.