Eurozone Preliminary HICP inflation steadies at 2.2% YoY in April vs. 2.1% expected

By: bitcoin ethereum news|2025/05/02 18:15:01
0
Share
copy
The Eurozone Harmonized Index of Consumer Prices (HICP) increased 2.2% year-over-year (YoY) in April, at the same pace as seen in March, the official data released by Eurostat showed Friday. The market consensus was for a 2.1% reading in the reported period. The core HICP rose 2.7% over the year in April against a 2.4% acceleration in March, beating the 2.5% expectations. On a monthly basis, the bloc’s HICP advanced 0.6% in April compared to March’s 0.6%. The core HICP inflation stayed at 1% month-over-month (MoM) in the same period. The European Central Bank’s (ECB) inflation target is 2.0%. The old continent’s HICP inflation data significantly impacts the market’s pricing of the ECB’s future interest rate cuts. Meanwhile, the bloc’s Unemployment Rate remained at 6.2% in March. Key details from the Eurozone inflation report (via Eurostat) “Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April (3.9%, compared with 3.5% in March), followed by food, alcohol & tobacco (3.0%, compared with 2.9% in March), non-energy industrial goods (0.6%, stable compared with March) and energy (-3.5%, compared with -1.0% in March).” EUR/USD reaction to the Eurozone inflation report The Euro holds gains after the inflation report, with EUR/USD trading near 1.1330 as of writing. The pair is up 0.35% on the day. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar. The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote). Source: https://www.fxstreet.com/news/eurozone-preliminary-hicp-inflation-steadies-at-22-yoy-in-april-vs-21-expected-202505020901

-- Price

--

You may also like

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing

AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com