At 11:00 (GMT+2), April data on the consumer price index of EU countries is due. It is the main indicator of inflation and determines changes in retail prices for a certain “basket” of goods and services: food, transport, utility costs, healthcare, etc. It has a significant impact on monetary policy decisions. The consumer price index may stay at 0.8% MoM and 2.4% YoY, while the core CPI may remain at 1.1% MoM and decline from 2.9% to 2.6% YoY.
