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.