RTTNews - Eurozone annual inflation stayed flat in May, the lowest since records began in 1996, a final report from the European Union statistics office revealed Tuesday. The statistical office confirmed the initial estimate released on May 29. Consumer prices were up 0.1% month-on-month in May, while economists were expecting a nil growth.
At the same time, EU annual inflation eased to 0.7% in May from 1.3% in April. A year earlier, the annual rate was 4%.
Among EU member states, lowest annual rates were observed in Ireland, Portugal, Spain and Luxembourg, while the highest rate was reported in Romania.
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