By Max Clarke

Inflation for the Eurozone has dropped to an estimated mean of 2.7%. rising inflation has in part been controlled by the European Central Bank’s raising of the central interest rate by 0.25% at the start of April.

Volatile price indices including fuel and food have not been incorporated into the inflation figure, though recent spikes in both categories would have contributed to a higher figure.

Inflation in the UK, however, continues to grow, with consumer price inflation, CPI, reaching 4.5%, while the retail price index of inflation has exceeded 5.2%- both ahead of the Bank of England’s 2% target.