Inflation in the EU Remains at 0.6%
The annual inflation rate in the European Union was maintained in April at 0.6% compared with the same month of 2008, according to official statistics agency of the European Union, Eurostat, writes The Wall Street Journal.
Inflation was lower to the estimated level, but economists expected that it will resume its decline in May.
“It is only a break in the process of disinflation. In May, inflation will come down close to zero”, announced UniCredit economists.
Inflation was maintained at a level well below the 2% target, which European Central Bank has in the medium term.
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