Eurozone Inflation Rose to 1.9% Year to April

Official figures show that inflation across the 19-country eurozone pushed up to the European Central Bank’s target in April following a spike in underlying price pressures.

Statistics agency Eurostat said Friday that its headline rate rose to 1.9 percent over the year to April from 1.5 percent the previous month. The increase was a tad more than expected in financial markets and means that inflation is back at the ECB’s target of just below 2 percent.



The big development was the rise in the core inflation rate, which strips out the volatile items of food, energy, alcohol and tobacco, to 1.2 percent from 0 .7 percent. That’s important as it shows that inflation pressures may be building as the eurozone economy gains momentum.

via SOURCE

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza