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

By: bitcoin ethereum news|2025/05/02 10:15:01
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

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

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