Eurozone inflation fell back down to 0.2 per cent in June, defying efforts to boost the rate, preliminary data showed Tuesday, while unemployment was reported stuck at 11.1 per cent in May, dpa reported. The crisis-plagued European currency area has been struggling to rev up its economy after emerging from recession two years ago. The 19-country bloc is now facing a new economic shock, with Greece on the brink of bankruptcy. But the reversal in the inflation rate - which the EU statistics agency Eurostat believes has fallen from 0.3 per cent last month - is "nothing to worry about," ING Bank analyst Teunis Brosens said. "Normalization of inflation is still far away, but at least the eurozone has started the journey," he noted. June's inflation dip renews pressure on the central bank, which launched a 1.1-trillion-euro (1.23-trillion-dollar) bond-buying programme in March aimed at heading off the threat of deflation and driving consumer prices back up towards its target.
