Friday, August 1, 2014   

Eurozone inflation rises in April
(04-30 17:41)

Official figures show that inflation across the 18-country eurozone rose in April but not as much as had been anticipated in the markets.
Eurostat, the EU's statistics office, said Wednesday that consumer prices rose by 0.7 percent in April from the year before, up from the previous month's 0.5 percent.
The expectation in the markets was for a slightly bigger rise to 0.8 percent. An increase had been predicted largely because of the timing of Catholic Easter, which often prompts a rise in prices. Last year it fell in March so that increase dropped out of the annual comparison.
Despite the rise, many economists expect inflation to fall again in coming months. However, the European Central Bank thinks deflation, or an outright fall in prices, is unlikely. --AP   
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