Europe core CPI outstrips economists' forecasts in AprilStaff Writer | April 28, 2017
Consumer prices in the euro area beat forecasts by a comfortable margin in April, especially at the 'core' level, as services prices accelerated.
Europe CPI was up by 1.2%
Economists had anticipated a smaller increase to 1.8%.
The rate of advance in prices of unprocessed foods slowed from 3.1% to 2.2% and that for non-energy industrial goods was unchanged at 0.3% on the year.
However, prices for services jumped from 1.0% year-on-year in March to 1.8% in April.
At the "core" level, which excludes prices of energy, food, alcohol and tobacco, CPI was up by 1.2%, from 0.7% in March.
That was ahead of the 1.0% rise economists had penciled in. ■