ZURICH (MaceNews) – Consumer prices in the Eurozone rose 1.6% from a year ago, increasing from the 1.3% pace in March as energy prices drove the HICP higher, according to data released Wednesday by Eurostat.
Wednesday’s final result matched the preliminary report as well as the median forecast of an Econoday survey of economists.
Energy prices contributed 0.96 percentage points to the headline inflation number without which the prices rose 0.7 percent year-over-year, according to Eurostat.
The so-called measure of narrow core inflation , which excludes energy, food, alcohol and tobacco, also rose 0.7% from April a year-ago.
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