FX.co ★ Eurozone’s deflation comes to its end

According to the data of Eurostat, the eurozone’s prices for consumer goods remained unchanged in April in comparison to the same month in 2014.
Experts had forecasted a zero rise. Four-month deflation contracted 0.1% in the reporting period.
Economists explain such a situation by launching of the quantitative easing program.
The consumer price index coincided with economists’ expectations. The core CPI, excluding energy, food and alcohol prices, grew 0.6% in April same as in the previous month.
In regard to April 2014, energy prices dropped 5.8%.
Food, alcohol and tobacco prices as well as services prices increased 0.9%.
The European Central Bank anticipates zero inflation in 2015 and consolidation to 1.8% in 2017.