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(CEP News) Frankfurt - The euro zone inflation rate remained unchanged at a record low 0.6% in the 12 months to April, according to preliminary estimates out of Eurostat.
Economists had expected a modest acceleration in the consumer price growth rate to 0.7% year-over-year. Nevertheless, the pause in the disinflation process will not last long and will likely resume in May, ING Wholesale senior economist Carsten Brzeski said. "Next month is already likely to show another decline in headline inflation," he said. "Moreover, Eurozone inflation could still enter negative territory over the summer. Written by CEP News European Staff,
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, edited by Stephen Huebl,
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