World Economy

Eurozone Inflation Negative

Eurozone Inflation NegativeEurozone Inflation Negative

Official figures show that consumer prices across the 19-country eurozone fell in May for the third month in the last four, AP reported. Eurostat, the European Union’s statistics agency, says Tuesday that inflation in the year to May was minus 0.1%, up slightly from the previous month’s minus 0.2%. May’s rate was anticipated and is unlikely to alter expectations that the European Central Bank will refrain from announcing further stimulus measures at its next policy meeting Thursday. Previous efforts, such as cutting the main interest rate to zero and expanding a bond-buying program, are still working their way through the economy.