Forexpros – Consumer price inflation in the euro zone held steady in April, preliminary data showed on Monday.
In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 2.6% in April, unchanged from March.
Analysts had expected consumer prices in the euro zone to rise 2.5% in April.
The rate remains above the European Central Bank’s target of near but just below 2%.
Following the release of the data, the euro remained modestly lower against the U.S. dollar, with EUR/USD easing down 0.11% to trade at 1.3239.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 shed 0.45%, France’s CAC 40 declined 0.6%, London’s FTSE 100 dipped 0.3%, while Germany’s DAX gained 0.2%.
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