(Finance) – Inflation in the Eurozone is picking up. This is what emerges from the preliminary data of theEuropean Statistical Office (EUROSTAT)which released its flash inflation estimate this morning.
The trend data marks a +7% in April as expected by analysts and against the +6.9% of the previous month.
On the other hand, consumer prices should have recorded an increase of 0.7% over the month, slowing down from +0.9% in March.
Core inflation – which excludes energy, food and tobacco – is estimated at 5.6% from 5.7% in the previous month and according to consensus.
Harmonized inflation excluding food and energy is expected at 7.3% from +7.5% the previous month.