2012.06.0406:13:00UTC+00Euro Zone Factory Prices Were Unexpectedly Stable in April from March As Oil Falls

Prices at factory gates in the 17 countries using the euro were unchanged in April frm previous month
The producer price inflation were 2.6 pct y/y, lower than the estimates of 2.7 pct
High world oil prices have limited the ECB's ability to cut rates below its record 1 pct level as it focuses on containing consumer inflation.
The energy price inflation at euro zone factories fell 0.1 pct in April, having risen sharply in the first three months of the year.
Consumer price inflation also fell more than expected in May, to 2.6 pct from 2.4 pct in April, lowest level since Feb 2011

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