The decline in prices has stopped in the European Union

The decline in consumer prices stopped in the European Union in April. The annual inflation rate was zero percent – Eurostat announced on Tuesday.

According to the data of the EU’s statistical office, the harmonized (HICP) Consumer Price Index decreased by 0.1 percent both in the European Union and in the Euro Zone in March.

Negative inflation rates were reported from 12 Member States. The biggest decline was in Greece (-1.8 percent) and in Cyprus (-1.7 percent), while the greatest consumer price increase was in Malta (1.4 percent) and in Austria (0.9 percent). (MTI)