- Before +2.2%
- CPI +0.5% versus +0.6% m/m expected
- Before +0.4%
- HICP +2.4% versus +2.3% expected over one year
- Before +2.3%
- HICP +0.6% versus +0.6% m/m expected
- Before +0.6%
The overall figure is similar to March, but the EU harmonized figure is only slightly higher for April. There is also good news for the ECB as annual core inflation is expected to slow to 3.0%, from 3.3% the previous month. Services inflation, however, remains persistent, estimated at 3.4%, but at least lower than the 3.7% in March.
This article was written by Justin Low at www.forexlive.com.
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