Eurozone final core CPI rises 1.3% y/y in April, beats estimates

According to Eurostat’s final reading of Eurozone CPI report, the consumer prices came in at 1.7% on a yearly basis, confirming the flash estimate. While the core figures ticked higher to 1.3% versus 1.2% expected.

On a monthly basis, the bloc’s CPI figure for April rose 0.7% versus 0.7% expectations and 1.0% previous while the core CPI numbers arrived at 0.9% versus 0.9% expected and 0.9% last.

Key Details (via Eurostat):

“The lowest annual rates were registered in Croatia (0.8%), Denmark and Portugal (both 0.9%). The highest annual rates were recorded in Romania (4.4%) and Hungary (3.9%). Compared with March 2019, annual inflation fell in six Member States, remained stable in two and rose in nineteen.

In April 2019, the highest contribution to the annual euro area inflation rate came from services (+0.86 percentage points, pp), followed by energy (+0.51 pp), food, alcohol & tobacco (+0.29 pp) and non-energy industrial goods (+0.06 pp).”