Euro zone inflation unchanged at 2.2% in April, missing expectations for a move lower

Eurozone inflation in April amounted to 2.2 percent on an annual basis, which is slightly more than the forecasted 2.1 percent, Eurostat announced today, based on a flash estimate.

In April, consumer prices in the eurozone remained the same on average after the first figures. Particularly markedly, prices for services such as eating or hairdressing increased.

Eurozone inflation holds above expectations in April

Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle.

Consumer price inflation in the euro area remained unchanged in April. According to the first estimate by the European statistical office Eurostat, the year-on-year price increase was 2.2%, the same as in March. In Slovenia, it was slightly higher.

Inflation in the euro area remains just above the target of the European Central Bank. Economists expect the ECB to continue its rate of interest reduction.

Eurozone inflation stuck at 2.2 percent in April

The numbers are unlikely to cause any dramatic change in thinking at the European Central Bank.