Eurozone inflation turns negative, at minus 0.2pc in April

BRUSSELS: Eurozone inflation in April fell back into negative territory, data showed on Friday, in the latest sign that unprecedented levels of stimulus measures by the European Central Bank are not working.

The Eurostat statistics agency said inflation in April was negative 0.2 percent, compared with a revised zero percent in March. Analysts surveyed by Factset data research company had tabled on inflation of zero percent.

Eurozone unemployment meanwhile in March fell 10.2 percent, Eurostat said, its lowest level in four and a half years.