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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE
MNI (London)
EUROZONE FLASH APRIL HICP +0.6% M/M, +7.5% Y/Y; MAR +7.4% Y/Y
EUROZONE FLASH APRIL CORE HICP +1.1% M/M, +3.5% Y/Y; MAR +2.9% Y/Y
- Eurozone inflation edged up to an annual rate of 7.5% in the April flash, up from the 7.4% pace recorded in March.
- However, prices rose by just 0.6% between March and April, a much slower increase than the 2.4% rise between February and March.
- These flash estimates outpaced the forecast of a +0.5% m/m, yet is in line with the y/y expectation.
- Core inflation accelerated more quickly than the headline number, rising by 1.1% in April for a 3.5% annual increase, up sharply from the 2.9% gain posted in March.
- The jump in underlying inflation belies the repeated insistence by ECB President Christine Lagarde that energy prices are the main contributor to above-target inflation.
- This data underlines the rhetoric of the ECB pencilling a July hike in.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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