Eurozone flash CPI softens to 1.2 percent in April, misses estimates

According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at 1.2% in April, missing expectations. Meanwhile, the core figures eased to 0.7% in the reported month, missing expectations of a 0.9% reading.

Key Details (via Eurostat):

Looking at the main components of euro area inflation, energy (2.5%, compared with 2.0% in March) and food, alcohol & tobacco (2.5%, compared with 2.1% in March) are expected to have the highest annual rate in April, followed by services (1.0%, compared with 1.5% in March) and non-energy industrial goods (0.3%, compared with 0.2% in March).