European stocks decline following UK inflation data

European stocks declined during trading on Thursday following the release of UK inflation data for April, which exceeded analysts’ expectations.

The pan-European STOXX 600 index fell 0.26% to 552.63 points, the German DAX index fell 0.22% to 23,982.95 points, the UK FTSE 100 index fell 0.17% to 8,766.57 points, and the French CAC 40 index fell 0.38% to 7,911.89 points.

UK annual inflation accelerated to 3.5% in April, exceeding analysts’ expectations of 3.3% and the highest level since January 2024.