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Eurozone inflation slows to 0.2%, unemployment stable

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Inflation in the eurozone slowed to 0.2 per cent in June, official data showed on Tuesday, with consumer prices rising just slightly in Europe despite unprecedented stimulus measures by the European Central Bank.

[BRUSSELS] Inflation in the eurozone slowed to 0.2 per cent in June, official data showed on Tuesday, with consumer prices rising just slightly in Europe despite unprecedented stimulus measures by the European Central Bank.

In May, the index had risen by 0.3 per cent, with plummeting energy costs once again affecting the cost of living in the 19-nation currency union, the EU statistics agency Eurostat said.

Unemployment remained stable at 11.1 per cent in May compared to April, Eurostat said, and down from 11.6 per cent a year before.

AFP