Eurozone inflation jumped to 4.1% in the year to July, the highest since the measurements began in 1997, according to EU statistics office Eurostat.

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Meanwhile, unemployment in the euro zone unexpectedly edged up, in another sign of a slowing economy.

Eurostat revised its May unemployment number up from 7.2 to 7.3% and said it had remained at that level in June.

The European Central Bank (ECB) acted last month to control inflation by increasing its key interest rates for the first time in a year.

Rising food and fuel costs - blamed for rising inflation - encouraged the European Central Bank (ECB) to put its key rate up from 4% to 4.25%.

(BBC)

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