Eurozone, inflation is not surprising: it accelerates slightly to +7%

Eurozone inflation is not surprising it accelerates slightly to 7

(Tiper Stock Exchange) – Eurozone inflation confirmed in April 2023. According to the European Statistical Office (EUROSTAT), consumer prices mark a +7% on a trend basis, in line with expectations of analysts and slightly accelerating compared to the +6.9% of the previous month.

On a monthly basis consumer prices have risen by 0.6%, slightly less than consensus (0.7%) and below the +0.9% of March.

core inflationpurified from the more volatile components such as fresh foods, energy, alcohol and tobacco, highlights a 5.6% year-on-year growth, in line with expectations, and compares with the previous +5.7%. There monthly changeas expected, it comes revised downwards to +1% (from 1.3%).

In the European Union as a whole, inflation fell to 8.1% on an annual basis (from +8.3% in March), while it registered +0.6% month on month.

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