Eurozone inflation increases to 7.5 pct as economy slows down

BRUSSELS, April 29 (Xinhua) -- The euro area will see 7.5 percent year-on-year inflation in April, according to a flash estimate published on Friday by Eurostat.

Soaring energy prices are the driving force behind the high inflation rate, according to ING's Senior Economist for the Eurozone Bert Colijn, although the annual inflation rate fell from 44.4 percent in March to 38 percent in April.