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Eurozone inflation at -0.2% in April

Wednesday, May 18 2016
Euro area annual inflation was -0.2% in April 2016, down from 0.0% in March. In April 2015 the rate was 0.0%. This was in line with prelim reading. European Union annual inflation was also -0.2% in April 2016, down from 0.0% in March. A year earlier the rate was 0.0%. 
The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.13 percentage points), rents (+0.08 pp) and tobacco (+0.05 pp), while fuels for transport (-0.54 pp), heating oil (-0.22 pp) and gas
(-0.13 pp) had the biggest downward impacts.
 
Euro is currently being traded few points below 1.1270 level. Pair is likely to find support around 1.1250 handle and resistance above 1.1330 level. Later today, in the US session, FOMC Meeting Minutes will be released.
More in this category: « UK Unemployment Rate unchanged at 5.1% Crude Oil Inventories increased by 1.3 million barrels »

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