Euro zone inflation rises, unemployment rate unchanged

| April 30, 2010

Figures today showed inflation in the euro zone rose 1.5% year-on-year in April, up from 1.4% the previous month.

While the rise was expected, the figure still remains well below the European Central Banka��s (ECB) target.

The figures led many analysts to believe that the ECB will keep interest rates at the record low of 1% until 2011.

Meanwhile, the European Uniona��s statistics agency has today announced unemployment in the 16-member euro zone stayed flat month-on-month at 10% in March.

Eurostat said 15.8 million people were unemployed in the euro zone during the month.

The economic downturn has hit the euro zone particularly hard and the region contracted by 4% over the whole of last year a�� its biggest fall since the euro was launched.

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