Eurostat released its consumer price inflation data for the Eurozone on Thursday. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in April from -0.1% in March, in line with expectations. The increase was driven by ECB's quantitative easing programme.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 0.6% in April, missing expectations for a 0.7% rise.

Food, alcohol and tobacco and services prices in April were up 0.9% each, non-energy industrial goods prices gained 0.1%, while energy prices dropped 5.8%.