End to eurozone deflationary streak as prices stagnate

Madrid

EURO area consumer prices ended a four-month streak of declines after the European Central Bank started pumping billions of euros into the bloc's economy through its quantitative-easing programme.

Prices stagnated in April from a year earlier after falling 0.1 per cent in March, the European Union's statistics office in Luxembourg said on Thursday. The inflation reading was in line with the median estimate in a Bloomberg survey. Unemployment held at 11.3 per cent in March.