April 30, 2024 09:01 GMT
MNI BRIEF: EZ Inflation Unchanged In Apr; Core, Services Slow
(MNI) LONDON
(MNI) London
Headline inflation unchanged at 2.4%, but deceleration in core and services will help in push for June cut.
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Euro area annual inflation was 2.4% in April according to a flash release from Eurostat, unchanged on March.
Core inflation fell to 2.7% from 2.9% in March, helping the cause of doves on the ECB governing Council looking for a sequence of rate cuts from the central bank.
Service inflation fell to 3.7% from 4.0% previously, falling, but still at an elevated level.
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