Inflation in the Eurozone down more than expected | business

had expected none. Because of the favorable energy prices, Inflation in the Eurozone has declined.

Luxembourg (dpa) – Inflation in the Eurozone went in April, even more than expected. As the statistics office Eurostat announced on Wednesday in Luxembourg, the consumer prices 0.3 percent higher than a year earlier.

In March the inflation rate amounted to 0.7 percent. In a first estimate of a rise of 0.4 percent was determined. Economists had expected a confirmation of the first estimate. In a monthly comparison, the cost of living increased by 0.3 percent.

was more Favourable than in the previous month, mainly energy, for the 9.7 percent paid less had to be. Significantly more expensive food, however. The prices of unprocessed food rose by an average of 7.6 percent the previous month. Services and industrial goods prices rose, however, significantly weaker. Core inflation without energy and food was 0.9 per cent.

Inflation significantly below the target value of the European Central Bank (ECB) over the medium term of just under two percent. Experts believe that it is abating in the coming months due to the severe recession. The recent recovery of crude oil prices is likely to be slightly supportive.

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