Eurozone headline CPI held steady at 2.2% yoy in April, slightly above expectations of 2.1% yoy. CPI core, which excludes energy, food, alcohol & tobacco, surged sharply from 2.4% yoy to 2.7% yoy, surpassing the forecast of 2.5%. The acceleration in services inflation to 3.9% from 3.5% drove much of the upside surprise, highlighting persistent […]
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