Tags: EU | Europe | Economy

Eurozone Inflation Falls to Lowest Level This Year

Eurozone Inflation Falls to Lowest Level This Year

Wednesday, 31 May 2017 05:24 AM

BRUSSELS (AP) — Official figures show that inflation across the 19-country eurozone has fallen to its lowest level this year, in a development that may temper speculation that the European Central Bank will soon consider easing up on its monetary stimulus.

Eurostat, the EU's statistics agency, said Wednesday that inflation fell to 1.4 percent in the year through May from 1.9 percent the month before.

The decline was slightly sharper than anticipated — the consensus was for a fall to 1.5 percent.

The ECB aims to have headline inflation at just below 2 percent.

A major reason why inflation fell was the decline in the core rate, which strips out the volatile items of alcohol, food, tobacco and energy. That slipped back to 0.9 percent from the previous month's 1.2 percent.

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Official figures show that inflation across the 19-country eurozone has fallen to its lowest level this year, in a development that may temper speculation that the European Central Bank will soon consider easing up on its monetary stimulus.Eurostat, the EU's statistics...
EU,Europe,Economy
129
2017-24-31
Wednesday, 31 May 2017 05:24 AM
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