- Prior +2.7%
- HICP +2.9% vs +3.1% y/y expected
- Prior +2.8%
- Core CPI Y/Y +2.3% vs +2.5% prior
- Full report here
We’ve got lower than expected figures here but they won’t change anything for the ECB as the central bank has already pre-committed to a rate hold at this week’s meeting as they gather more data ahead of the June meeting.
The good news is that core inflation is expected to ease to 2.3% in April, which is lower than the 2.5% seen in March.
This article was written by Giuseppe Dellamotta at investinglive.com.
