Eurozone inflation rises to 0.0% year-on-year in April

FXStreet (Mumbai) - The preliminary estimate released by the Eurostat on Thursday showed the inflation as measured by the Consumer Price Index (CPI) is expected to be 0.0% year-on-year in April 2015, up from -0.1% in March.

The details of the report shows services (0.9%, compared with 1.0% in March) and food, alcohol & tobacco (0.9%, compared with 0.6% in March) are expected to have the highest annual rates in April, followed by non-energy industrial goods (0.1%, compared with 0.0% in March) and energy (-5.8%, compared with -6.0% in March). The core CPI printed unchanged year-on-year in line with the expectation of 0.6%.

Another set of the data showed the unemployment rate in March remained unchanged at 11.3%, compared to the expectation of a drop to 11.2%.