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U.S. consumer prices dipped 0.4 pct in April

Washington, May 16 (EFE).- The U.S. consumer price index dropped 0.4 percent in April, bring the 12-month inflation rate down to 1.1 percent, the government's Bureau of Labor Statistics said Thursday. Excluding food and energy prices, which tend to be more volatile, the core-CPI inflation rate was 1.7 percent for the 12 months ending April 30. That is well within the 2 percent inflation the Federal Reserve considers acceptable. The CPI also fell in March, by 0.2 percent, and this is the first time since the end of 2008 that prices declined in two consecutive months.

Austrian official inflation slows to 1.9%

Inflation in eurozone member Austria slowed for the fourth month running in April to a 12-month rate of 1.9 percent, the lowest since November 2010, official data showed on Thursday. The drop was thanks to a 7.7-percent fall in petrol prices and a 8.4-percent slide for heating fuel, the national statistics agency said. Compared to March, consumer prices were unchanged, compared to a rise of 0.8 percent in March from February.

Bulgarian official inflation falls to 2.0% in April

Bulgaria's 12-month inflation rate continued its downward trend in April, dropping to 2.0 percent from 2.7 percent in March on falling food and utility prices, official data showed on Tuesday. On a month-on-month basis, the consumer price index (CPI) in the non-eurozone EU member registered 0.4 percent deflation in April after edging down 0.5 percent the previous month. Using the European Union's harmonised index of consumer prices (HICP), the European Central Bank's inflation yardstick, 12-month inflation was 0.9 percent, down from 1.6 percent in March.

Bulgarian official inflation falls to 2.0% in April

Bulgaria's 12-month inflation rate continued its downward trend in April, dropping to 2.0 percent from 2.7 percent in March on falling food and utility prices, official data showed on Wednesday. On a month-on-month basis, the consumer price index (CPI) in the non-eurozone EU member registered 0.4 percent deflation in April after edging down 0.5 percent the previous month. Using the European Union's harmonised index of consumer prices (HICP), the European Central Bank's inflation yardstick, 12-month inflation was 0.9 percent, down from 1.6 percent in March.

German inflation hits two-and-half year low

Inflation in Germany, Europe's biggest economy, slowed to its lowest level in two and a half years in April, official data showed on Tuesday. The cost of living in Germany increased by 1.2 percent on a 12-month basis last month, down from 1.4 percent in March, the federal statistics office Destatis calculated in final data. On a monthly basis, the consumer price index (CPI) fell by 0.5 percent in April from March. The last time the annual inflation rate was lower was in August 2010 when it had stood at 1.0 percent.

BOJ likely to specify inflation may reach 2% in FY 2015

The Bank of Japan is likely to specify that inflation in Japan may reach 2 percent in spring 2015 in its semiannual economic outlook report to be released Friday, as the central bank aims to clarify its policy of achieving the inflation target in about two years, sources close to the matter said. At a one-day policy meeting chaired by Governor Haruhiko Kuroda earlier in the day, the central bank maintained its current monetary easing policy to gauge the effects of a set of new policy steps introduced earlier this month to fight deflation.

Japan consumer prices down for 5th straight month

Japan's key consumer prices fell 0.5 percent in March from a year earlier, marking the fifth straight month of decline, due partly to a drop in durable goods prices, the government said Friday, underscoring that the country remains mired in deflation. The core consumer price index, excluding volatile fresh foods, stood at 99.5 against the 2010 base of 100, the Ministry of Internal Affairs and Communications said. Private-sector economists had forecast the index would drop.

Spain's year-on-year inflation rate falls to 1.4 pct in April

Madrid, Apr 29 (EFE).- Spain's year-on-year inflation rate fell by one percentage point to 1.4 percent in April, compared to the previous month, the National Statistics Institute, or INE, said Wednesday in its preliminary consumer price index for the month. The downward move in the consumer price index was driven mainly by drops in electricity rates and fuel and lubricant prices, the INE said. If the final consumer price index for this month, scheduled for release on May 14, confirms the initial figure, Spain's inflation rate would be back to the March 2010 level.

German inflation hits two-and-half year low

Inflation in Germany, Europe's biggest economy, slowed to its lowest level in two and a half years in April, official data showed on Monday. The cost of living in Germany increased by 1.2 percent on a 12-month basis last month, down from 1.4 percent in March, the federal statistics office Destatis calculated in preliminary data. On a monthly basis, the consumer price index (CPI) fell by 0.5 percent in April from March. The last time, the annual inflation rate was this low was in September 2010.

BOJ's new price forecasts Friday to be credibility test

By Leika Kihara TOKYO (Reuters) - The Bank of Japan is set on Friday to project that it will meet its 2 percent inflation target in two years, a forecast analysts say may be too optimistic and could put the bank's credibility on the line.
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