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Eurozone inflation picks up in April

Xinhua, April 28, 2017 Adjust font size:

Eurozone annual inflation is expected to be 1.9 percent in April, up from 1.5 percent in March, according to a flash estimate released on Friday by Eurostat, the statistics agency of the European Union (EU).

It means the inflation is back at the European Central Bank's target of below, but close to, 2 percent.

The inflation pick-up in April is mainly due to the rising energy prices which jumped 7.5 percent annually.

The core inflation, which strips out volatile energy and unprocessed food prices, rose to 1.2 percent in April from 0.8 percent in March.

April's core inflation rose to its the highest level since September 2013, which may show that eurozone economy is gaining momentum. Endit