Eurozone inflation falls for 4th month as unemployment dips
Core inflation rate falls to 0.6% from 0.7%, reaching the lowest level since Eurostat began measuring it in 1997
Paris
THE eurozone continues to flirt with deflation, an official report showed on Tuesday, as consumer prices fell in March for a fourth consecutive month. A separate report, though, showed the unemployment rate in the zone, a 19-nation currency union, dipping slightly in February.
While the data gave little reason to cheer, the reports did not alter the view that Europe, despite its problems, is experiencing a miniboom, lifted by low oil prices, a weak euro and aggressive stimulus from the European Central Bank.
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Central banks will probably only cut half as much as they hiked