facebook
twitter
search
search

Estimate shows inflation slowing in eurozone

April 30, 2013 at 7:32 AM

BRUSSELS, April 30 (UPI) -- The inflation rate is expected to drop to 1.2 percent in the 17-member eurozone in April, said an estimate released Tuesday by Eurostat.

Eurostat said inflation, in an estimate that could be revised later, would slow to 1.2 percent after coming in at 1.8 percent in February and 1.7 percent in March in the currency region.

Prices for food, alcohol and tobacco are expected to have the highest inflation rate with gains at 2.9 percent compared with 2.7 percent in March. Energy prices are expected to drop 0.4 percent after rising 1.7 percent in March.

Core inflation, which excludes food and energy, is expected to drop to 1 percent from 1.5 percent in March. Excluding only energy prices is expected to result in an inflation rate of 1.4 percent from 1.8 percent in March.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts