Inflation in euro area slowed in April

In April, the growth in consumer prices in the euro area in annual terms slowed to 1.2% from 1.3% a month earlier, according to preliminary data from Eurostat. Without taking into account the price of energy, food and alcohol, consumer prices in April rose by 0.7% in annual terms after a 1% increase in the previous 3 months. Analysts had expected a higher inflation rate in April. Energy prices rose by 2.5% in annual terms after a 2% rise in prices in March. Prices for food, beverages and tobacco increased by 2.5% after a rise of 2.1% a month earlier. The growth in prices for services slowed to 1% from 1.5% in March.

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