FX.co ★ Euro Area Inflation Steady at 2.2% in April

Consumer price inflation within the Euro Area maintained a steady rate of 2.2% in April 2025, marginally surpassing market predictions of 2.1% and slightly above the European Central Bank's targeted midpoint of 2.0%, as per preliminary estimates. A more pronounced decline in energy costs (-3.5% compared to -1.0% in March) was balanced by an acceleration in inflation for services, which rose to 3.9% from 3.5%, as well as an increase in food, alcohol, and tobacco prices to 3.0% from 2.9%. The price of non-energy industrial goods remained stable, increasing by 0.6%, consistent with March figures. Core inflation, which excludes volatile items such as food and energy, rose to 2.7%, up from March's three-year low of 2.4%, and exceeding the anticipated rate of 2.5%. On a monthly scale, consumer prices climbed by 0.6% in April, aligning with the rise observed in March.