Investing.com - Consumer price inflation in the euro zone eased to the lowest level since March 2010 in April, official preliminary data showed on Tuesday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 1.2% in April, easing from March’s 1.7% reading.
Analysts had expected CPI to ease to 1.6% this month.
The rate stands below the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.3% to trade at 1.3061.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.1%, France's CAC 40 fell 0.1%, London’s FTSE 100 was flat, while Germany's DAX advanced 0.7%.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 1.2% in April, easing from March’s 1.7% reading.
Analysts had expected CPI to ease to 1.6% this month.
The rate stands below the European Central Bank's target of near but just below 2%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.3% to trade at 1.3061.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 added 0.1%, France's CAC 40 fell 0.1%, London’s FTSE 100 was flat, while Germany's DAX advanced 0.7%.