Eurozone Inflation Comes In Above Expectations
The Eurozone Consumer Price Index (CPI) rose 0.6% month-on-month, according to preliminary data.
The figure came in above the market forecast of 0.5%, while monthly inflation had previously stood at 0.4%.
Eurozone core CPI increased 2.5% year-on-year, according to preliminary data. The reading was in line with the market forecast of 2.5% and slightly above the previous rate of 2.4%.
Eurozone annual CPI rose to 3.8%, according to preliminary data. The figure exceeded the market expectation of 3.7% and accelerated from the previous reading of 3.2%.
tion, economic data
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