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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