Looking at the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in April (2.9 percent compared with 2.7 percent in March), followed by services (1.1 percent compared with 1.8 percent in March), non-energy industrial goods (0.8 percent compared with 1.0 percent in March) and energy (-0.4 percent compared with 1.7 percent in March).