Eurozone Preliminary CPI rises to 1.6% YoY in April, meets estimates
According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 1.6% in April, matching expectations of 1.6% while accelerating March’s 1.3%.
The core figures eased to 0.8%% YoY in April when compared to 0.9% expectations and 0.9% booked in March.
Key details (via Eurostat)
“Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (10.3%, compared with 4.3% in March), followed by services (0.9%, compared with 1.3% in March), food, alcohol & tobacco (0.7%, compared with 1.1% in March) and non-energy industrial goods (0.5%, compared with 0.3% in March).”
EUR/USD reaction
EUR/USD remains unfazed by the Eurozone economic data, keeping its range just below 1.2100, with all eyes on the US macro news.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
