Eurozone exits deflation, unemployment stable: Eurostat

The eurozone exited four months of deflation in April, official data showed on Thursday, reversing a dangerous bout of declining prices and reviving hopes of economic recovery in Europe. 

PHOTO: AFP

30 Apr5:11 PM

[BRUSSELS] The eurozone exited four months of deflation in April, official data showed on Thursday, reversing a dangerous bout of declining prices and reviving hopes of economic recovery in Europe.

Inflation in the 19-nation single currency bloc hit zero percent in April, after a drop of 0.1 per cent in March, with low energy costs still impacting the cost of living, the EU statistics agency Eurostat said.

Unemployment remained stable at 11.3 per cent in March compared to February, Eurostat said, which was down from 11.7 per cent a year before.

AFP