Eurozone inflation slumps to three-year low

DW – Consumer price hikes in the eurozone have slowed to their lowest level in 38 months as fuel and telecommunications costs dropped substantially. Some already see deflation looming in the recession-hit eurozone. Consumer prices in the 17-nation eurozone rose 1.2 percent in April, according to data released by the EU statistics office, Eurostat, on Thursday, which was substantially lower than the 1.7 percent inflation recorded for March. Read Article

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