Investing.com - Consumer price inflation in the euro zone held steady in April, unchanged from a preliminary estimate, official data showed on Thursday.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.2% in January, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs slowed to 1% in April, in line with expectations and down from a preliminary estimate of 1.5%.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.21% to trade at 1.2860.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.2%, France’s CAC 40 dipped 0.3%, Germany's DAX declined 0.2%, while London’s FTSE 100 eased up 0.1%.
In a report, Eurostat said consumer price inflation held steady at a seasonally adjusted 1.2% in January, unchanged from an initial estimate and in line with expectations.
The rate remains below the European Central Bank's target of near but just below 2%.
Core CPI, which excludes food, energy, alcohol, and tobacco costs slowed to 1% in April, in line with expectations and down from a preliminary estimate of 1.5%.
Following the release of that data, the euro remained lower against the U.S. dollar, with EUR/USD shedding 0.21% to trade at 1.2860.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.2%, France’s CAC 40 dipped 0.3%, Germany's DAX declined 0.2%, while London’s FTSE 100 eased up 0.1%.