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العربية
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16 May

By Ahmed Mamdouh

Category: Forex News

 185       15       19             

Euro area inflation slows to 1.2% in April

Euro-area inflation confirmed an ease in April, the final consumer price index data showed on Wednesday.

CPI slowed to 1.2 percent in the year ended April, in line with both flash and expected readings. That was slower than March’s pace of 1.3 percent.

Core CPI, which excludes volatile items such as energy, showed 0.7 percent rise, similar to both initial and predicted readings.

As of 09:14 GMT, the euro traded lower versus the U.S. dollar at 1.1826, set for its thiurd straight daily decline.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.