Boost for ECB as eurozone prices turn positive in May

Rebound in oil prices coincided with the European Central Bank's a1.1tn boost to lending across the eurozone

Eurozone inflation turned a corner in May, posting a 0.3% increase after four months of flat or fallingprices.

The measure of core inflation, which strips out food, energy and other volatile elements of the consumer prices index, jumped even higher to 0.9%, signalling a resurgence in demand across the eurozone.