Eurozone inflation jumps to 1.7% in April

Friday, 03. May 2019 11:04

Consumer prices in the euro area advanced 1.7% in the year through April, according to Eurostat's first estimate. The reading is the highest since November. The preliminary inflation report published on Friday revealed the rise in energy prices accelerated to 5.4% from 5.3% but that the rate surged the most in services – to 1.9% from 1.1% measured for March. The harmonized headline index was up 1.4% on an annual scale in the previous month.

The category of food, alcohol and tobacco jumped 1.5% last month or 0.3 percentage points less than in March. Statisticians estimated core inflation jumped by 0.4 points to 1.2% in April, the strongest mark since October.

A separate update showed industrial prices fell 0.1% in the Eurozone and advanced 0.1% in the European Union in March, compared to previous growth of 0.1% and 0.2%, respectively. Annual factory gate inflation weakened by 0.1 points to 2.9% in the monetary union and remained at 3.1% in the whole 28-member bloc.

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