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    Eurozone inflation at 15-month low

    euronews (in English)

    by euronews (in English)

    With the recession biting, demand for products is falling and inflation in the eurozone fell to it lowest in 15 months in May.

    Consumer price inflation in the 17 countries sharing the euro fell to 2.4 percent year-on-year. In April it had been 2.6 percent.

    Economists said that gives the European Central Bank more room to lower interest rates to stimulate growth.