According to the data of Eurostat, the eurozone’s prices for consumer goods remained unchanged in April in comparison to the same month in 2014.
Experts had forecasted a zero rise. Four-month deflation contracted 0.1% in the reporting period.
Economists explain such a situation by launching of the quantitative easing program.
The consumer price index coincided with economists’ expectations. The core CPI, excluding energy, food and alcohol prices, grew 0.6% in April same as in the previous month.
In regard to April 2014, energy prices dropped 5.8%.
Food, alcohol and tobacco prices as well as services prices increased 0.9%.
The European Central Bank anticipates zero inflation in 2015 and consolidation to 1.8% in 2017.
