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Eurozone inflation rises to 0.7 percent in April

2014-05-16 14:46:13Source:XinhuaAuthor:

Eurozone annual inflation was 0.7 percent in April, up from 0.5 percent in March, Eurostat, the statistical office of the European Union, said Thursday.

Meanwhile, the annual inflation was 0.8 percent in the 28-member EU, up from 0.6 percent in March. A year earlier, the rate was 1.4 percent in the EU.

Among the EU member states, the negative annual rates were observed in Greece at 1.6 percent, and Bulgaria at 1.3 percent, while the highest annual rates were recorded in Austria and Romania, both at 1.6 percent.

Compared with March, annual inflation fell in the EU's seven member states, remained stable in four and rose in sixteen.

The largest upward impacts on the eurozone's annual inflation came from package holidays, tobacco and electricity consumption, while fuels for transport, telecommunications and vegetables had the biggest downward impacts.