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MNI: EUROZONE DATA: Final HICP (Apr 2019) Preview....>

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MNI: EUROZONE DATA: Final HICP (Apr 2019) Preview - 10:00 BST
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- HICP: Flash (Apr): 1.7% y/y; Previous (Mar): 1.0% m/m; 1.4% y/y
- Core HICP: Flash (Apr): 1.2% y/y; Previous (Mar): 0.8% y/y
- The flash release showed headline inflation rising to its highest since Nov...
- ... driven by a 0.4pp rise in the core rate to a six-month high of 1.2% y/y
- The final data is likely to align with the preliminary estimate... 
- ... and show Easter-related services prices as the key driver of both faster
headline & core inflation
- But the reversal of this effect should see price growth moderate in May
- While the recent rise in oil prices will limit the extent of the decline... 
- ... energy base effects should nonetheless drive headline inflation lower over
the course of the year
- The outlook for core inflation, meanwhile, remains lacklustre...
- ... as consumers remain cautious with their spending, while businesses are
reluctant to raise prices in an uncertain and fragile global demand environment

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