The rate of inflation The annual rate in the euro zone increased one tenth in April in relation to March, up to 7.0%, driven above all by the increases in food prices, according to the preliminary estimate released today by the Eurostat community statistics office.
According to the report collected by EFE, the rate was reduced by one tenth, to 5.6%, underlying inflation, which excludes the effect of energy, food, alcohol and tobacco prices as they are the most volatile, and is the reference indicator for the European Central Bank (ECB) when setting its interest rate strategy.
Meanwhile, the euro depreciated to US$ 1.0950 after the publication of data on the granting of loans and inflation in the eurozone and remained there after data from the US economy, Reuters reported.
Investors opted for caution before learning of the decisions of the Federal Reserve (Fed) and the ECB on interest rates.
THE ECB published data showing that the granting of credit to companies and the demand for business loans and mortgage loans slowed in the first quarter.
In addition, euro area manufacturing output contracted for the first time since January and the fastest deterioration in manufacturing conditions since May 2020, during the first wave of COVID-19 lockdowns.
Source: Larepublica
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