Inflation in the euro zone falls more sharply than expected

Inflation in the euro zone falls more sharply than expected

Inflation in the euro zone fell even more than expected in april. As the eurostat statistics office announced in luxembourg on wednesday, consumer prices were 0.3 percent higher than a year earlier.

In march, the inflation rate had been 0.7 percent. In an initial estimate, an increase of 0.4 percent had been determined. Economists had expected the first estimate to be confirmed. Cost of living increased by 0.3 percent month-on-month.

More favorable than in the same month of the previous year was mainly energy, for which 9.7 percent less had to be paid. Significantly more expensive, on the other hand, food. Prices of unprocessed food rose by an average of 7.6 percent compared to the same month last year. By contrast, the increase in the price of services and industrial goods was much weaker. Core inflation excluding energy and food was 0.9 percent.

Inflation is thus well below the european central bank’s (ECB) target of just under two percent in the medium term. Experts expect it to weaken further in the coming months due to the severe recession. However, the recent recovery in raw material prices was slightly disconcerting.


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