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Euro zone inflation slowdown confirmed in April

Reuters  |  BRUSSELS 

(Reuters) - zone slowed in April, statistics agency said on Wednesday, confirming an earlier estimate and adding to the headache of Central Bank seeking to phase out a monetary package.

in the 19 countries sharing the currency was 1.2 percent in April compared to last year, for a 0.3 percent monthly rise.

ECB are debating whether to end a 2.55 trillion ($3 trillion) bond-purchasing scheme, which was set up more than three years ago to push back towards a target of close to but below 2 percent.

This target has, however, proved to be an elusive one, as the euro zone has showed further signs of slowing growth this year, after steadily emerging from a downturn over the past five years.

Inflation excluding and unprocessed food prices, which the ECB uses as its preferred metric of "core" inflation, slowed to 1.1 percent annually in April from 1.3 percent in the previous month. ($1 = 0.8451 euros)

(Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 16:20 IST