Euro-Area Inflation Rate Stays Negative as ECB Mulls Outlook
- Consumer prices fell 0.1% in May, in line with median estimate
- Jobless rate in 19-nation region unchanged at 10.2% in April
Is ECB Stimulus Starting to Work?
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Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers’ struggle to stoke inflation despite multiple rounds of stimulus.
Prices fell 0.1 percent in May from a year earlier, the European Union’s statistics office in Luxembourg said on Tuesday. That’s in line with the median estimate in a Bloomberg survey of economists and follows a drop of minus 0.2 percent in April. The unemployment rate held at 10.2 percent last month, according to a separate Eurostat release.