Eurozone inflation rises in line with expectations
Low fuel and gas prices continued to provide a drag on inflation, offsetting increased prices at restaurants, cafes, rents and tobacco.
Belgium registered the highest annual rate of inflation at 1.8% followed by Sweden at 1.2% while Cyprus and Bulgaria were at the other end of the scale with deflation of 1.9% and 1.2%, respectively.
The European Central Bank is targeting inflation of just below 2% and is under pressure to address a prolonged period of low consumer prices. ■