FX.co ★ Eurozone producer prices increase in April

According to Eurostat, eurozone producer prices remained flat in April 2018, signaling moderate inflation pressures.

Year-on-year, producer prices growth came in at 2% in April amid a sharp rise in energy prices.

Prices for durable consumer goods such as fridges and TVs climbed by 0.9%. Cost of non-durable consumer goods rose by only 0.5%.

The data appeared at the crucial moment for the European Central Bank (ECB). The regulator is about to taper its $2.55 trillion euro bond-buying program.