Breaking: Eurozone Preliminary Inflation rises 7.5% YoY in April vs. 7.5% expected

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) rose by 7.5% in April, coming in higher than the previous reading of 7.4%, the latest data published by Eurostat showed on Friday. The consensus forecast was for a reading of 7.5%.

The core figures arrived at 3.5% YoY in April when compared to 3.2% expectations and 2.9% booked in March.

The Euro area figures are reported a day after Germany’s annual inflation for April arrived at 7.8%, beating expectations of 7.6% following a 7.6% increase reported in March.

The bloc’s HICP figures hold significance, as it helps investor assess the chances that the European Central Bank (ECB) might signal a faster than expected path for policy tightening. 

more to come ....