A post by @FirstSquawk on X.

Eurozone core consumer price inflation accelerated to 4.0% year-on-year, up from 3.8% previously and matching the 4.0% estimate. The reading signals persistent underlying price pressures in the currency bloc even as headline inflation has eased. The pickup matters because it complicates the European Central Bank's path toward rate cuts, keeping policymakers focused on services and domestic inflation. Markets will watch upcoming ECB commentary and the next flash inflation release for confirmation of whether the uptick is a one-off or the start of a renewed trend.