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Finally some signs of life - inflation returns to eurozone


economy

Finally some signs of life - inflation returns to eurozone

Inflation in the eurozone turned positive in May after five months of falls or stagnation as consumer prices rose more than expected.

The annual inflation rate rose to 0.3 percent in May, up from 0 percent in April, according to the EU statistics agency Eurostat.

It is likely to be welcome news for the European Central Bank (ECB) which has been seeking to stimulate growth and ward off deflation.

The ECB launched a 1.1 trillion euro bond buying programme in March to get the economy moving.

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