111/2009 - 31 July 2009 Flash estimate - July 2009 Euro area inflation estimated at -0.6% Euro area1 annual inflation2 is expected to be -0.6% in July 2009 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was -0.1% in June3. Computation of flash estimates Euro area inflation is measured by the Monetary Union Index of Consumer Prices (MUIC