Euro zone inflation rises to 1.5% in April

09:10, May 19, 2010      

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The 12-month inflation rate in the euro zone rose to 1.5 percent in April from 1.4 percent in the previous month, the European Union statistics bureau Eurostat said Tuesday.

The price of transportation increased 5.9 percent, the highest among the main components involved in the inflation rate, in part due to rising fuel prices.

The latest inflation rate was the highest since December 2008 but remained below the 2-percent ceiling preferred by the European Central Bank (ECB), suggesting it was unlikely the bloc's central bank would raise interest rates in the near term.

Inflation rates varied widely among the member states of the EU, with Hungary seeing the highest at 5.7 percent whereas Latvia saw a deflation of 2.8 percent.

Germany and France, the top two member economies, recorded rises of 1 percent and 1.9 percent, respectively.

Source:Xinhua

(Editor:黄蓓蓓)

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