Eurozone CPI expected to be 1.9% in April

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Friday, Apr 28 2017

Eurozone CPI expected to be 1.9% in April

Euro area annual inflation is expected to be 1.9% in April 2017, up from 1.5% in March 2017, according to a flash estimate from Eurosta. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in April (7.5%, compared with 7.4% in March), followed by services (1.8%, compared with 1.0% in March), food, alcohol & tobacco (1.5%, compared with 1.8% in March) and non-energy industrial goods (0.3%, stable compared with March).

Earlier M3 Money Supply figures were released. The annual growth rate of the broad monetary aggregate M3 increased to 5.3% in March 2017, from 4.7% in February, averaging 4.9% in the three months up to March. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), increased to 9.1% in March, from 8.4% in February.

More in this category: « UK GDP up by less than expected Consumer Sentiment in U.S. Was Little Changed in April »

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