Inflation in both the 17-strong eurozone bloc and the US has fallen to its lowest level in years.
The eurozone figure, for April fell to 1.2% – a three-year low. US inflation was running at 1.1% – a two-year low. Both countries target inflation at 2%.
In both cases the prime cause of the fall was a lower oil price, which is down from just less than $120 a barrel in March to about $93 a barrel now.
Weak demand across both economies was also a factor.
The sharp fall in the cost of fuel caused the US monthly inflation rate to fall at its sharpest pace since December 2008.
The US economy is growing more strongly than most of Europe, but remains patchy, while high unemployment has put downward pressure on wages, making it harder for retailers and other firms to raise prices.
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