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April 12 Reuters European shares were subdued on Wednesday as investors remained cautious ahead of U.S. inflation data that is expected to provide more clues on Federal Reserve39;s policy decision next month.

The panEuropean STOXX 600 index inched up 0.1. Utilities led the gains, rising 0.70, while technology shares slid 1.0.

Miners lost 0.4 after rallying in the previous session.

All eyes will be on U.S. inflation data, due at 1230 GMT 0830 ET, which is expected to show a moderation in consumer prices growth in March from a month ago in the world39;s biggest economy but still remain elevated on a yearly basis.

Markets are supersensitive to any indication that the Fed will stay aggressive in its inflationfighting stance, said Susannah Streeter, head of money and markets at Hargreaves Lansdown.

The worry is that core inflation, which excludes volatile food and energy costs, may be proving harder to bring down more quickly, which could harden policymakers39; resolve.

French central bank chief Francois Villeroy de Galhau on Tuesday said euro zone inflation is at risk of getting entrenched above 2 so the European Central Bank ECB will keep fighting excessive price growth, even as its policy response is shifting gears.

Commentary from ECB Vice President Luis de Guindos will be closely monitored later in the day.

Investors are still digesting the…