Eurozone inflation rate revised up to zero

London - Biggest price increases from restaurants and cafes; cheaper fuel biggest drag

The latest bout of falling prices across the 19-country eurozone has ended- after just a single month.
Revised figures on Thursday from the European Union's statistics agency showed that inflation was flat in the year to March.
That's up from the initial estimate of a 0.1 per cent fall and February's 0.2 per cent annual drop.
The biggest prices increases came from restaurants and cafes while cheaper fuel was the biggest drag on inflation.
The earlier Easter in much of the eurozone may have helped the uptick, particularly in Germany, which saw inflation in March rise to 0.1 per cent from minus 0.2 per cent in February.
The upward revision is likely to provide some modest cheer to policymakers at the European Central Bank, who have backed a series of stimulus measures, such as cutting interest rates and expanding a government bond-buying plan, primarily to get inflation back to the target of just below two per cent.
But Alasdair Cavalla, senior economist at the Centre for Economics and Business Research, cautioned against too much optimism.
"It is important to remember the level of inflation," said Cavalla. "Zero is not indicative of a healthy economy."
The ECB has been worried that too-low or negative inflation could turn into deflation, a long-term drop in prices that would weigh on the already-fragile eurozone economy.
Despite the flat rate for the eurozone as a whole, 10 of the bloc's countries are reporting falling prices.