Economic Buzz: Eurozone Inflation Eases Marginally In April

Eurozone inflation eased to 1.2 percent in April from 1.3 percent in March on slower increase in services cost, Eurostat reported Thursday. The rate was expected to remain unchanged at 1.3 percent. Core inflation that excludes energy, food, alcohol and tobacco, slowed more-than-expected to 0.7 percent from 1 percent in March. Cost of food, alcohol and tobacco, increased to 2.5 percent from 2.1 percent. Likewise, energy prices grew at a faster pace of 2.5 percent after rising 2 percent. Non-energy industrial goods prices gained 0.3 percent, following a 0.2 percent rise a month ago. Meanwhile, cost of services gained at a slower pace of 1 percent after posting a 1.5 percent rise in March.