ICYMI:🇪🇺*EURO-AREA APRIL CORE INFLATION RATE RISES TO 3.5%; EST. 3.2%

• European April inflation expanded at 7.5% Y/Y, a record in the series. The core figure came at 3.5%, faster than the market consensus forecast

• Energy expanded at 38.0% Y/Y, easing from the March 44.4% rise but still higher than in February

• Core industrial goods accelerated to 3.8% Y/Y, services ticked higher to 3.3%

• Lithuania came in faster than in March at 16.6%, German prices printed at 7.8%, France recorded a 5.4% rise