Eurozone inflation rises while employment falls

Suzie Neuwirth

EUROZONE inflation rose 1.4 per cent in May, up from a three-year low of 1.2 per cent in April, while employment fell 0.5 per cent over the first quarter, according to new figures from Eurostat today.

Analysts have commented that the data shows that the Eurozone still has some way to go on the road to economic recovery.

Employment fell 0.5 per cent quarter-on-quarter but one per cent year-on-year.

The lowest inflation rate in May was found in Greece, at -0.3 per cent. The highest was Romania, 4.4 per cent.