Eurozone's annual inflation weakened for the fourth successive month in April, and was below economists' expectations, preliminary estimates showed Tuesday.
Inflation as per the harmonized index of consumer prices (HICP) eased to 1.2 percent in April from 1.7 percent in March, statistical office Eurostat said. Inflation slowed for the fourth month in a row. Economists had forecast a more modest decline to 1.6 percent.
Driving the deceleration, energy prices decreased 0.4 percent annually in April, reversing the previous month's 1.7 percent increase.
Food, alcohol and tobacco prices rose 2.9 percent, after rising 2.7 percent in the previous month. Service costs advanced at a slower rate of 1.1 percent than 1.8 percent in March. Costs of non-energy industrial goods were higher by 0.8 percent than a year earlier.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.