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- Inflation in the Eurozone declines to 0.5%
Inflation in the Eurozone declines to 0.5%
Eurozone’s
inflation increased 0.5% in May, after a 0.7% gain in March. Analysts had
expected a 0.7% rise. Inflation target by the European Central Bank (ECB) is
2%.
German
inflation was released yesterday. Inflation in Germany also declined. German
preliminary consumer price index fell 0.1% in May, after a decline of 0.2% in
April. Analysts had expected a 0.1% rise. On a yearly basis, German preliminary
consumer price index rose 0.9% in May, after a 1.3% gain in April. Analysts had
forecasted a 1.1% increase.
All these
figures are feeding speculation the European Central Bank will add further
stimulus measures on Thursday. Investors are awaiting the ECB will cut interest
rates and announce measures to boost lending to smaller businesses.
The
unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March.
Analysts had expected the unemployment rate remains unchanged.
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