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Euro zone inflation stable in April at 2.1%

Inflation in the euro zone was unchanged in April over 12 months compared to the rate registered the previous month, data released today by the European Union statistics agency shows.

The 2.1% rate was unchanged from an initial estimate published at the end of April. On a monthly basis, inflation in April 2005 was 0.4%, Eurostat said. Transport fuels, heating oil and tobacco were the main factors in holding up the rate.

The April figures mean that euro zone inflation remains above the European Central Bank's target of a rate below but close to 2%.

Meanwhile, euro zone industrial production fell 0.2% in March from February, bringing the decline over 12 months to 0.1%, seasonally adjusted data from Eurostat shows.

The fall follows on the heels of a 0.6% fall in industrial output in February, revised data shows.

In the 25-nation European Union, industrial production fell 0.3% in March over one month following a decrease of 0.5% in February. Over one year, industrial output fell 0.5%.