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Wednesday, May 4, 2011

Eurozone April CPI rose to 2.8% upgrade chance June rates

the EU Statistical Office (Eurostat) to Friday (29th) according to the further rise in the euro zone April inflation above the European Central Bank (ECB) set a target level.

according to the eurozone in April to reconcile the consumer price index (CPI) initial annual rate increase of 2.8%, expected by 2.7%.

note that eurozone April CPI up to enhance the possibility of the European Central Bank in June to raise rates again, although data released earlier showed eurozone economic climate index continued to weaken.

the European Central Bank's next interest rate meeting next Thursday (May 5).