Euro area annual inflation records slight increase

Euro area annual inflation is expected to increase to 2.7% in September 2012, from 2.6% in August.

According to flash estimates from Eurostat, the statistical office of the European Union, energy (9.2% compared with 8.9% in August) is expected to have the highest annual rate in September, followed by food, alcohol and tobacco (2.9% compared with 3.0%), services (2.0% compared with 1.8%) and non-energy industrial goods (0.8% compared with 1.1%).