{"id":640484,"date":"2026-04-30T11:53:17","date_gmt":"2026-04-30T11:53:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/640484\/"},"modified":"2026-04-30T11:53:17","modified_gmt":"2026-04-30T11:53:17","slug":"eurozone-april-preliminary-cpi-3-0-vs-2-9-y-y-expected","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/640484\/","title":{"rendered":"Eurozone April preliminary CPI +3.0% vs +2.9% y\/y expected"},"content":{"rendered":"<p>Prior +2.6%Core CPI +2.2% vs +2.2 y\/y expectedPrior +2.3%<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Well, the headline reading is the highest since September 2023 and it reaffirms the impact of surging energy prices. When looking at core annual inflation, we&#8217;re still not seeing any spillovers yet as the reading there is softer than it was in March even.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Looking at the breakdown, food price inflation was seen at 2.5% with energy price inflation rising the most on a yearly basis by 10.9%. Services inflation also continues to keep sticky at 3.0% even if down from 3.2% previously. At the balance, that is still keeping core prices above the 2% threshold and it&#8217;s still not quite ideal for the ECB even if the Middle East conflict were to not happen.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">But now, the picture has completely changed because of the US-Iran war. The prudent step by the ECB is to stay on the sidelines but <a href=\"https:\/\/investinglive.com\/centralbank\/the-ecb-is-stuck-between-a-rock-and-a-hard-place-20260430\/\" target=\"_blank\" class=\"article-link\" data-v-6bf95c48=\"\" rel=\"nofollow noopener\">they&#8217;re not in an enviable spot in making a choice<\/a> as we look to June.<\/p>\n<p class=\"text-align-justify\" data-v-6bf95c48=\"\">Circling back to the report, the monthly estimates also reaffirm the jump in energy prices mostly with that being up 3.0%. Food price inflation was only up 0.5% on the month with services inflation up 1.1% in April.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +2.6%Core CPI +2.2% vs +2.2 y\/y expectedPrior +2.3% Well, the headline reading is the highest since September&hellip;\n","protected":false},"author":2,"featured_media":640485,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-640484","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/640484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=640484"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/640484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/640485"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=640484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=640484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=640484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}