Eurozone Inflation Rate Rises To 1.9% In April


Consumer prices in the Euro Area are expected to increase by 1.9 percent year-on-year in April 2017, following a 1.5 percent rise in the previous month and beating market expectations of 1.8 percent gain, a flash estimate showed. Prices rose at a faster pace for energy and services.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (7.5 percent, compared with 7.4 percent in March), followed by services (1.8 percent, compared with 1 percent in March), food, alcohol and tobacco (1.5 percent, compared with 1.8 percent in March) and non-energy industrial goods (0.3 percent, stable compared with March).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, rose to 1.2 percent from 0.7 percent in March.

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/28/2017 9:07:01 AM