Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Euro Breaking News: Core Inflation Rises in Europe, Headline Declines

Euro Breaking News: Core Inflation Rises in Europe, Headline Declines


What's on this page

Euro Area Inflation Data

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Richard Snow
Trading Forex News: The Strategy
Get My Guide

Core Inflation Rises Less Than Anticipated While Headline Inflation Cools Nicely

Core inflation in the Euro Area rose above last month’s 5.3% print but ended up less than estimates of 5.5%, settling at a marginally higher 5.4%. Headline inflation rose 0.3% month-on-month but came in lower than anticipated at 5.5% and much lower than last month’s figure of 6.1%. The disinflationary trend in headline inflation is unlikely to taper the ECB’s willingness to continue hiking rates due to the issue of core inflation remaining well off target.


Customize and filter live economic data via our DailyFX economic calendar

Divergence between core and headline measures of inflation has been commonly observed throughout developed economies and is on display to see in Europe. Yesterday’s German inflation report highlighted stubbornly high prices in Europe’s largest economy which appears to have been ineffective in outweighing disinflation witnessed in other Euro Area nations.

EUR/USD saw a slight lift in the pair on the news of higher, stubborn core inflation. Upside momentum may be difficult to come by as we head into the weekend given the US’s surprise upward revision in Q1 GDP from 1.4% to 2% - raising the likelihood of a 25 bps hike in the US in July. US core PCE data up next.

EUR/USD 5-Minute Chart


Source: TradingView, prepared by Richard Snow

--- Written by Richard Snow for

Contact and follow Richard on Twitter: @RichardSnowFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.