Eurozone annual inflation came in at 2.4% in April, charting a flat line from March and bolstering expectations of a rate cut for the bloc before the summer rounds out. The figures met expectations. Core inflation, a reading that strips out volatile indicators, hit 2.7% for April. The latest reading compares with inflation of 7% a year earlier, according to Eurostat, the statistical office of the European Union. Services, food and tobacco were the top offenders spurring on price increases, while the heat came out of the energy market as tensions continue to simmer in the Middle East. The lowest annual rates were registered in Lithuania (0.4%), Denmark (0.5%) and Finland (0.6%). The highest annual rates were recorded in Romania (6.2%), Belgium (4.9%) and Croatia (4.7%). Compared with March 2024, annual inflation fell in fifteen member states, remained stable in four and rose in eight, the data showed Estimates from the Eurozone this week suggest that inflation will fall faster than previously expected this year, as the shock from conflict in the Red Sea has taken a smaller toll on the region than previously thought. Read more: FTSE 100 LIVE: European stocks tepid as UK chancellor sets out more tax...