Inflation & Prices
Euro-Zone Core Inflation Slows, Supporting Smaller ECB Hike
- Underlying gauge eased to 5.6% in April, headline climbs to 7%
- Data may shift debate over how much ECB lifts rates this week
Shoppers walk along a commercial street in Athens, Greece.
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Underlying inflation in the euro area eased for the first time in 10 months, backing the case for the European Central Bank to slow the most aggressive interest-rate hiking campaign in its history later this week.
Consumer prices stripping out volatile items like fuel and food costs rose 5.6% from a year ago in April — down from March’s record 5.7% advance and in line with the median estimate in a Bloomberg poll of economists.