Eurozone jobless rate highest since records began as inflation hits October 2010 low

(Source: Reuters)

Euro area unemployment has remained stubbornly high at 12.1 per cent in March. The Eurozone jobless rate is now at its highest since records began in 1995.

Inflation - measured by the consumer price index - dropped to an October 2010 low of 1.2 per cent. A slowdown in price inflation from 1.7 per cent to 1.6 per cent was anticipated. Many consider a rate cut by the European Central Bank to be all but guaranteed at this point.