Breaking: Eurozone annual HICP inflation rises to 7% in April vs. 6.9% expected
|Inflation in the Eurozone, as measured by the Harmonized Index of Consumer Prices (HICP), edged higher to 7% on a yearly basis in April from 6.9% in March. This reading came in above the market expectation of 6.9%.
The Core HICP, the European Central Bank's (ECB) preferred gauge of inflation, ticked down to 5.6% in the same period, compared to analysts' estimate of 5.7%. On a monthly basis, the Core HICP came in at 1%, down from 1.3% recorded in March.
Market reaction
The EUR/USD stays under modest bearish pressure following the mixed inflation figures from the Euro area and was last seen trading in negative territory below 1.0970.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.