Eurozone inflation jumps to 2.8%

Eurozone inflation picked up more than expected to 2.8% in April 2011 even as economic sentiment across the region took a clear turn for the worse and highlighted the possible risks of the European Central Bank’s interest rate raising strategy.

European Commission: RAPID: Press Release: IP/11/513: April 2011: Economic sentiment declines in both the EU and the euro area http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/513&format=PDF&aged=0&language=EN&guiLanguage=en

Eurostat: Press Release: STAT/11/63: Flash estimate - April 2011 Euro area inflation estimated at 2.8% http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/11/63&format=PDF&aged=0&language=EN&guiLanguage=en

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