The latest data from the Euro Zone indicates that core inflation, as measured by the Harmonized Index of Consumer Prices excluding energy and food (HICP ex Energy and Food), saw a significant decrease in April 2024. According to newly released figures, the month-over-month change for April stood at 0.6%, down from 0.9% in the previous month.
This easing in core inflation suggests a moderation in underlying price pressures within the Euro Zone economy. The updated data, published on 17 May 2024, provides insight into the changing dynamics of inflationary trends, excluding the often volatile energy and food sectors.
Economists and market analysts will be closely monitoring these developments to determine if this deceleration in core inflation is an isolated instance or part of a broader trend of cooling inflation within the Euro Zone. The shift from 0.9% to 0.6% represents a notable change and could influence European Central Bank policy decisions in the coming months.