Finance Info-European Statistical Agency, Eurostat reported inflation in 17 countries of the eurozone eased considerably in April 2013 to be 1.2 percent, below the target of the European Central Bank (ECB) of 2 percent.
Reported by the Business Times on Tuesday (30/4/2013), overall, April marked the third month in a row the annual rate of price increases in all regions of the single currency euro-home to about 340 million people came in right on target, after 1.7 percent in March and 1.8 percent in February.
Inflation continued to decline throughout the year and the latest fall put more pressure on the European Central Bank to lower interest rates when they meet on Thursday in an attempt to lift this economic crisis that mired in recession and high unemployment.
Eurostat said the price for the service is down to 1.1 percent against 1.8 percent in March, but the price of food products, beverages and tobacco are at high levels, each amounting to 2.9 percent from 2.7 percent in March.
Energy prices rolled back 0.4 percent against a rise of 1.7 percent in March, while industrial goods dropped to 0.8 percent, from 1.0 percent in the previous month.
(dmd)Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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