The Traderszone Network

Published in TZ Latest News 2 June, 2015 by The TZ Newswire Staff

Euro zone back to inflation as May prices beat forecast

The European Union’s statistics office Eurostat said on Tuesday consumer prices in the 19 countries sharing the euro rose 0.3 percent year-on-year last month after a flat reading in April, beating market expectations of a 0.2 percent increase. Excluding the volatile energy prices, which were 5 percent lower in May than 12 months earlier, consumer prices rose 1.0 percent.