Eurozone inflation rises to 7% in April
Core inflation declined to 5.6%, but energy prices grew again
Inflation in the eurozone was 7% in April, up from 6.9% in March, according to official statistics released today (May 2).
This is the first increase since November 2022, and highlights the persistence of the inflationary pressures the European Central Bank faces. The ECB holds its next monetary policy meeting on May 4. While it has not committed to a new rate increase, today’s inflation release makes it more likely. The key deposit rate in the eurozone stands at 3%.
After months of sharp
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