Mexican Media Brands
Eurozone Inflation Rate Turns Positive
The annualized inflation rate in the eurozone climbed to 0.3% in May from zero in April, Eurostat reports.
#economics
Share
The annualized inflation rate in the eurozone climbed to 0.3% in May from zero in April, Eurostat reports. The rate has been at or below 0% for five months.
May's core inflation rate, which ignores volatile food and energy, rose to 0.9% from 0.6% in April. Economists say the upturn indicates positive results of the €1.1 trillion bond-buying stimulus program launched in March by the European Central Bank.
The ECB considers 2% inflation healthy. But inflation in the eurozone has been below that level since the beginning of 2013. Economists worry that protracted deflation makes consumers and businesses more likely to delay purchases, thus creating even more contraction.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data