{"id":430016,"date":"2026-04-30T16:41:00","date_gmt":"2026-04-30T09:41:00","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/eurozone-april-preliminary-cpi-3-0-vs-2-9-y-y-expected\/"},"modified":"2026-04-30T16:41:00","modified_gmt":"2026-04-30T09:41:00","slug":"eurozone-april-preliminary-cpi-3-0-vs-2-9-y-y-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/eurozone-april-preliminary-cpi-3-0-vs-2-9-y-y-expected\/","title":{"rendered":"Eurozone April preliminary CPI +3.0% vs +2.9% y\/y expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior +2.6%<\/li>\n<li>Core CPI +2.2% vs +2.2 y\/y expected<\/li>\n<li>Prior +2.3%<\/li>\n<\/ul>\n<p class=\"text-align-justify\">Well, the headline reading is the highest since September 2023 and it reaffirms the impact of surging energy prices. When looking at core annual inflation, we&#8217;re still not seeing any spillovers yet as the reading there is softer than it was in March even.<\/p>\n<p class=\"text-align-justify\">Looking at the breakdown, food price inflation was seen at 2.5% with energy price inflation rising the most on a yearly basis by 10.9%. Services inflation also continues to keep sticky at 3.0% even if down from 3.2% previously. At the balance, that is still keeping core prices above the 2% threshold and it&#8217;s still not quite ideal for the ECB even if the Middle East conflict were to not happen.<\/p>\n<p class=\"text-align-justify\">But now, the picture has completely changed because of the US-Iran war. The prudent step by the ECB is to stay on the sidelines but <a href=\"https:\/\/investinglive.com\/centralbank\/the-ecb-is-stuck-between-a-rock-and-a-hard-place-20260430\/\" target=\"_blank\" rel=\"follow\">they&#8217;re not in an enviable spot in making a choice<\/a> as we look to June.<\/p>\n<p class=\"text-align-justify\">Circling back to the report, the monthly estimates also reaffirm the jump in energy prices mostly with that being up 3.0%. Food price inflation was only up 0.5% on the month with services inflation up 1.1% in April.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior +2.6% Core CPI +2.2% vs +2.2 y\/y expected Prior +2.3% Well, the headline reading is the highest since September 2023 and it reaffirms the impact of surging energy prices. When looking at core annual inflation, we&#8217;re still not seeing any spillovers yet as the reading there is softer than it was in March even. [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430016","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430016"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}