Euro zone April inflation confirmed at 1.7%, core rate revised up

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Euro zone April inflation confirmed at 1.7%, core rate revised up
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Euro zone prices rose by 1.7 percent in April, EU statistics agency Eurostat con...

FILE PHOTO: A general view shows the interior of Le bon Marche shopping mall in Paris, France, August 26, 2016. REUTERS/Regis Duvignau/File Photo

Eurostat said consumer prices in the 19-nation euro zone were 1.7 percent higher year-on-year, the same level as the flash estimate published on May 3, from 1.4 percent in March. Month-on-month, euro zone prices increased by 0.7 percent, as markets had expected, from 1.0 percent in March.

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