{"id":46113,"date":"2023-06-01T12:20:00","date_gmt":"2023-06-01T11:20:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=46113"},"modified":"2023-06-02T12:50:56","modified_gmt":"2023-06-02T11:50:56","slug":"midday-brief-eu-inflation-data-ticks-lower","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/","title":{"rendered":"Midday Brief – EU Inflation Data Ticks Lower"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The euro currency<\/a> popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year.<\/p>

The consumer price inflation rate in the Euro Area fell to 6.1 percent in May 2023, down from 7.0 percent in the previous month and below market expectations of 6.3 percent, a preliminary estimate showed.<\/p>

The rate hit its lowest level since February 2022, though it remained significantly higher than the European Central Bank’s target of 2.0 percent. The decrease in inflation was primarily driven by a 1.7 percent decline in energy prices, following a 2.4 percent increase in April.<\/p>

Additionally, there was a slowdown in cost pressures for food, alcohol, and tobacco (12.5 percent vs 13.5 percent), non-energy industrial goods (5.8 percent vs 6.2 percent), and services (5.0 percent vs 5.2 percent).<\/p>

Furthermore, the core inflation rate, which excludes energy, food, alcohol, and tobacco, also eased more than anticipated, reaching 5.3 percent.<\/p>

European Central Bank member Kazaks commented on the latest eurozone consumer price inflation figures and said, \u201cIt is hard to say where interest rates will peak.\u201d<\/p>

This morning we also got unemployment figures from the eurozone with the seasonally adjusted unemployment rate in the Euro Area edging down to 6.5%.<\/p>

It was the lowest rate on record and coming in line with market expectations. The latest figure represented a drop from last year’s rate of 6.7% and pointed to a tight labour market.<\/p>

The number of unemployed declined by 33 thousand from a month earlier to 11.088 million, the lowest level since comparable records began in 1995. The youth unemployment rate, measuring jobseekers under 25 years old, edged down to 13.9% in April from 14% in March.<\/p>

Amongst the largest Euro Area economies, the lowest jobless rate was recorded in Germany (2.9%), while the highest rates were registered in Spain (12.7%), Italy (7.8%) and France (7%).<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The euro currency popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year. The consumer price inflation rate in the Euro Area fell to 6.1 percent in May 2023, down from 7.0 percent in the previous month and below market […]<\/p>\n","protected":false},"author":4,"featured_media":46081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[54,18,101],"yoast_head":"\nMidday Brief - EU Inflation Data Ticks Lower - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midday Brief - EU Inflation Data Ticks Lower Midday Brief - EU Inflation Data Ticks Lower\" \/>\n<meta property=\"og:description\" content=\"The euro currency popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T11:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-02T11:50:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/06\/gettyimages-1409887992.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"543\" \/>\n\t<meta property=\"og:image:height\" content=\"362\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Midday Brief - EU Inflation Data Ticks Lower Midday Brief - EU Inflation Data Ticks Lower\" \/>\n<meta name=\"twitter:description\" content=\"The euro currency popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Midday Brief – EU Inflation Data Ticks Lower\",\"datePublished\":\"2023-06-01T11:20:00+00:00\",\"dateModified\":\"2023-06-02T11:50:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\"},\"wordCount\":300,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"ECB\",\"EURUSD\",\"Inflation\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\",\"url\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\",\"name\":\"Midday Brief - EU Inflation Data Ticks Lower - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-06-01T11:20:00+00:00\",\"dateModified\":\"2023-06-02T11:50:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Midday Brief – EU Inflation Data Ticks Lower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Midday Brief - EU Inflation Data Ticks Lower - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/","og_locale":"en_GB","og_type":"article","og_title":"Midday Brief - EU Inflation Data Ticks Lower Midday Brief - EU Inflation Data Ticks Lower","og_description":"The euro currency popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year.","og_url":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-06-01T11:20:00+00:00","article_modified_time":"2023-06-02T11:50:56+00:00","og_image":[{"width":543,"height":362,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/06\/gettyimages-1409887992.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Midday Brief - EU Inflation Data Ticks Lower Midday Brief - EU Inflation Data Ticks Lower","twitter_description":"The euro currency popped higher against the US dollar after eurozone inflation came in weaker than expected and fell by nearly a full percentage point on the year.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Midday Brief – EU Inflation Data Ticks Lower","datePublished":"2023-06-01T11:20:00+00:00","dateModified":"2023-06-02T11:50:56+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/"},"wordCount":300,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["ECB","EURUSD","Inflation"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/","url":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/","name":"Midday Brief - EU Inflation Data Ticks Lower - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-06-01T11:20:00+00:00","dateModified":"2023-06-02T11:50:56+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/midday-brief-eu-inflation-data-ticks-lower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Midday Brief – EU Inflation Data Ticks Lower"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/46113"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=46113"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/46113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/46081"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=46113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=46113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=46113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}