Euro-zone core inflation at 1.2%, highest since 2013 – EUR/USD jumps

The drop in inflation seen in March was just a blip. CPI is back on track, rising 1.9% y/y in April. Moreover, core CPI jumps to 1.2%, much better than 1% expected and the highest level since 2013. The rising level of inflation should make the ECB happy, but they will be less welcoming to […]

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