Eurozone April CPI Up 7% Year-on-Year... Core Inflation Growth Slows Down

The Eurozone consumer price index (CPI) inflation rate for April recorded a 7% increase year-on-year, exceeding expectations. The core CPI, which excludes volatile food and energy prices, showed a slowdown in the inflation rate for the first time in 10 months.

According to Eurostat on the 2nd (local time), the Eurozone CPI for April rose 7% compared to the previous year.

The core CPI for April increased by 5.6% year-on-year, slowing down from the previous month's 5.7%. This marks the first decline in the Eurozone core CPI inflation rate in 10 months.

The European Central Bank (ECB) will hold a monetary policy meeting on the 4th. Experts are increasingly suggesting that the slowdown in core CPI inflation could lead to an interest rate hike.

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