Eurozone Inflation Rate Remains Below Zero in May

From ap.org

Consumer prices across the 19-country eurozone fell in May for the third month in the last four, official figures showed Tuesday, a development that's unlikely to alter expectations that the European Central Bank will refrain from announcing more stimulus measures this week. Eurostat, the European Union's statistics agency, said inflation in the year to May was minus 0.1 percent, up slightly from the previous month's rate of minus 0.2 percent. The modest increase was anticipated in the markets following a rise in German inflation during the month. Inflation across the eurozone has been below zero at various moments ... (full story)