Euro-Region Inflation Slowed in April as Oil Gains Weakened

European inflation slowed in April as energy costs increased at a weaker pace than a year ago.

The inflation rate in the 17-nation euro area fell to 2.6 percent from 2.7 percent in March, the European Union’s statistics office in Luxembourg said in an initial estimate today. Economists forecast consumer prices to rise 2.5 percent, the median of 37 estimates in a Bloomberg News survey showed.