Euro area inflation increases less than expected

Euro-area consumer-price growth accelerated less than economists forecast in April, keeping pressure on the European Central Bank to consider unprecedented steps to avert the risk of deflation.

30th April, 2014
Today’s data may prove critical for ECB President Mario Draghi as he decides whether to embrace policies ranging from negative interest rates to quantitative easing.

Euro-area consumer-price growth accelerated less than economists forecast in April, keeping pressure on the European Central Bank to consider unprecedented steps to avert the risk of deflation.

The annual inflation rate increased to 0.7 per cent from 0.5 per cent in March, the European Union’s statistics office in Luxembourg said today. That’s below the 0.8 per cent median forecast in a Bloomberg News survey of 37 economists.

Today’s data may prove critical for ECB President...

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