April data on the euro area's Consumer Price Index are due at 11:00 (GMT+2). It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. It is expected that on an annualized basis the indicator will grow from 7.4% to 7.5%, and on a monthly basis it will decrease from 2.4% to 1.8%.
