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Eurozone annual inflation remained stable in April, flash data from Eurostat showed on Friday. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March. Core inflation that excludes prices of energy, food, alcohol and tobacco increased more-than-expected to 2.7 percent from 2.4 percent in the previous month. Within the main components, services showed the highest annual increase of 3.9 percent. This was followed by a 3.0 percent rise in food, alcohol and tobacco prices. At the same time, non-energy industrial goods prices posted a steady increase of 0.6 percent. Meanwhile, the decline in energy prices worsened to 3.5 percent from 1.0 percent in the previous month. On a monthly basis, the HICP moved up 0.6 percent, data showed. Powered by Commodity Insights
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