Economics
Euro-Area Inflation Accelerates After String of Upbeat Data
- Headline inflation rate rises 1.7% in April, beating estimate
- Core measure of prices quickens to 1.2%, strongest in 6 months
Germany data this week showed inflation accelerated at the fastest pace in five months in April on the back of surging cost of package holidays.
Photographer: Yorgos Karahalis/Bloomberg
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Inflation in the euro area accelerated more than forecast and a core measure jumped the most in nearly a year, capping a week of encouraging data for the European Central Bank.