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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 DATA
MNI (London)
EUROZONE APRIL FINAL CPI +0.6% M/M; +7.4%r Y/Y (MAR 7.4%)
APRIL Y/Y CPI REVISED DOWN 0.1PP
EUROZONE APRIL FINAL CORE CPI +3.5% Y/Y; +1.0%r M/M
- The April inflation print for the Euro area saw a 0.1pp downwards revision to 7.4% y/y, leaving it unchanged from the euro-high March rate.
- Core inflation rose by 3.5% y/y in April, a 0.5pp uptick on March. The monthly rate alone saw 1.0% acceleration.
- The highest rates of inflation were seen in Estonia (19.1% y/y), Lithuania (16.6% y/y) and Czechia (13.2% y/y).
- Energy continued to be the key upside driver of prices, contributing 3.70pp to the annualised rate, followed by services (+1.38pp), food etc (+1.35pp) and industrial goods (+1.02pp).
- This follows the European Commission’s Spring forecasts yesterday which pointed to inflation averaging 6.1% for 2022.
- This confirmation underlines the shift in ECB rhetoric seen over the past month, with markets now pricing a 25bp hike in July.
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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