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EUR CPI Higher in Apr. But Inflation Dents GER Retail Sales

posted by Avatar FXTimes 390 days ago in Fundamental, Inflation, Retail Sales made popular 390 days ago

Inflation in the Euro-zone climbed in April, surprising forecasts to the upside. The annual rate of the CPI is now running at 2.8%, stronger than the 2.7% seen in March. It's the highest inflation rate since October 2008. Higher inflation can dent consumer spending and we saw that in another report which saw a drop in German retail sales in March.
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