Bitcoin

Eurozone inflation holds at 2.2% in April, missing 2.1% forecast

The inflation of the euro zone remained locked at 2.2% in April, missing forecasts of 2.1%, according to flash figures published Friday by Eurostat.

The number was not moved from where it was in March, even if the economists expected it to get closer to the target of the European Central Bank.

Analysts questioned By Reuters, Reuters had predicted a small drop compared to 2.2% of March, inflation, he seemed to slow down in recent months. It did not happen. The inflation of the headlines remained flat, showing no sign of relieving this time.

Under the title number, central inflation has increased. It increased to 2.7% in April, compared to 2.4% the previous month. Central inflation excludes food, energy, tobacco and alcohol. The increase shows that wider pressures on prices are not yet completed.

The inflation of services also jumped, reaching 3.9%, against 3.5% in March. The two numbers show that if the overall inflation rate was stable, deeper parts of the economy are always hot.

Through the block, national figures also arrived on Wednesday, the Federal Bureau of German Statistics said that it expects the prices of harmonized consumers to increase by 2.2% in April. It is a decrease compared to the previous month, but still slightly higher than what was planned.

Meanwhile, France posted a harmonized inflation rate of 0.8%, slightly higher than expected. These figures are harmonized for consistency in the euro zone.

Speaking last week, the president of the European Central Bank Christine Lagarde said CNBC, “We are heading towards our [inflation] Target in 2025, so this disinflationist process is so on the right track that we are looking for completion. »»

Christine added that the ECB would be “dependent on extreme data” during interest rates calls. She did not give a chronology for more cuts but warned that the medium -term path for inflation was uncertain.

Christine and other political decision -makers have raised concerns concerning any commercial reprisals in Europe in response to American prices, now an increasing risk under the administration of President Donald Trump. They also mentioned that major budgetary plans such as the German infrastructure package could affect future price levels.

Last month, the ECB reduced its key interest rate, reducing the rate of deposit facilities to 2.25%. This rate had culminated at 4% in mid-2023. The bank keeps its eyes on inflation trends and will only adapt again if the figures justify it.

This week has also seen new signs of life in the economy of the euro zone. Preliminary data showed that the block of the block increased 0.4% in the first quarter of 2025. This beat forecasts, which expected growth of 0.2%. He also followed revised growth of 0.2% in the last quarter of 2024.

Cryptopolitan Academy: Do you want to develop your money in 2025? Learn to do it with DEFI in our next webclass. Record your place

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblocker Detected

Please consider supporting us by disabling your ad blocker