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Prices flatten out as Eurozone deflation takes a pause


economy

Prices flatten out as Eurozone deflation takes a pause

Falling Eurozone prices took a break in April, ending four months of decline, while in the UK inflation tuned negative for the first time since 1960.

Eurostat says April was good for prices in restaurants and cafes, rents and vegetables. They all saw prices increase and had the biggest upward impact on the overall year-on-year inflation value, while cheaper gas, heating oil and automotive fuel pulled the index down.

The ECB does not expect inflation to return until the end of this year, or hit its target of 2% until near the end of 2016.

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