Eurozone inflation remains at record lows

The annual rate of inflation in the 18 countries that use the euro was unchanged at 0.4% in August, as the European Union's statistics agency revised a previous estimate that recorded a decline to 0.3% However, the annual rate of inflation in the eurozone remained at the lowest level since Oct 2009. The latest figures released by Eurostat also showed that the annual rate of inflation across the 28-member EU fell to its lowest level since Oct. 2009 in July, and was unchanged in August, an indication that very muted price rises threaten the economic recovery beyond the borders of the eurozone. The EU's statistics agency Wednesday said consumer prices in the eurozone were 0.1% higher than in July, and 0.4% higher than in August 2013. That revised the preliminary estimate for the annual rate of inflation of 0.3% released late last month, according to wsj.com