Economics
Euro-Area Core Inflation Revised to 1.3%, Highest Since 2017
- Higher rate is partly due to timing of Easter in April
- Headline inflation at 1.7%, unchanged versus flash estimate
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Euro-area core inflation was revised higher in April, and is now showing the fastest reading since 2017.
Updating its estimate for last month, Eurostat said the rate of underlying price growth was 1.3%, compared with 1.2% in an initial release. The April outcome was far higher than the 0.8% seen in March, but the big jump partly reflects the timing of Easter and its traditional impact on airfares, package holidays and hotel prices.