Eurozone inflation data trends for core CPI, unemployment remain strong

Quick Take

• Eurozone data continues to emerge today, with key economic indicators maintaining their trends.
• Euro area unemployment was at 6.5% in April 2023, a historically low.
• Europe’s Core CPI (YOY) eased more than expected but stayed elevated at 5.3%.
• Europe’s CPI (YOY) was lower than expected at 6.1%.
• The same trends continue to play out, and it is expected these trends will persist in the near future.

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