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2012.06.0406:13:00UTC+00Euro Zone Factory Prices Were Unexpectedly Stable in April from March As Oil Falls

  • Prices at factory gates in the 17 countries using the euro were unchanged in April frm previous month
  • The producer price inflation were 2.6 pct y/y, lower than the estimates of 2.7 pct
  • High world oil prices have limited the ECB's ability to cut rates below its record 1 pct level as it focuses on containing consumer inflation.
  • The energy price inflation at euro zone factories fell 0.1 pct in April, having risen sharply in the first three months of the year.
  • Consumer price inflation also fell more than expected in May, to 2.6 pct from 2.4 pct in April, lowest level since Feb 2011

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