MercoPress. South Atlantic News Agency

Euro zone scrapes out of deflation in April; unemployment remains above 11%

Consumer prices in the Euro zone scraped out of deflation in April after four months, official data has shown, boosting hopes of economic recovery in Europe. The inflation rate in the 19 nations that use the Euro stood at 0% in April, up from a rate of -0.1% in March. Eurostat said that low energy costs were continuing to cut living costs. Read full article