Eurozone Preliminary CPI rises to 1.6% YoY in April, meets estimates

According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 1.6% in April, matching expectations of 1.6% while accelerating March’s 1.3%.

The core figures eased to 0.8%% YoY in April when compared to 0.9% expectations and 0.9% booked in March.