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Eurozone Inflation Continues to Carve Record High as Energy Prices Surge

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Inflation continued to accelerate in April, marking a fresh record-high for the sixth straight month.

Source: CNBC

EZU is up 0.25%, while VGK is up 0.39%.

Eurozone annual inflation clocked in at 7.5% in April, up from the previous all-time high of 7.4% recorded in March, and the 5.9% recorded in February. The monthly inflation rate was recorded at 0.6%.

The biggest increase was recorded in energy prices which surged by 38.0%, which indicated a slowdown from the 44.4% reading in March. This was followed by food, alcohol, and tobacco, which increased by 6.4%, and non-energy industrial goods by 3.8%.

The fastest print was recorded in Estonia with 19.0%, followed by Luxembourg with 16.6%, Latvia with 13.2%, the Netherlands with 11.2%, and Slovakia with 10.9%. The slowest was in Malta with 4.9%.

Inflation excluding energy, food, alcohol, and tobacco stood at 3.5%, up from 2.9% the previous month.

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