May 20, 2024

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Inflation in the eurozone rose to 7% in April

Inflation in the eurozone rose to 7% in April

According to preliminary data published by Eurostatin the month of April energy increased year-on-year 2.5%after descending 0.9% From the previous month, while the price of food Reduced ascent 10% from 14.7%.

In case servicesPrices rose in April a 5.2% year on yeara tenth more than in March, however Non-energy industrial goods become more expensive 6.2%four-tenths less than in March.

In this way, in exclude the energy effect from the calculation,

According to preliminary data published by Eurostatin the month of April energy increased year-on-year 2.5%after descending 0.9% From the previous month, while the price of food Reduced ascent 10% from 14.7%.

In case servicesPrices rose in April a 5.2% year on yeara tenth more than in March, however Non-energy industrial goods become more expensive 6.2%four-tenths less than in March.

In this way, in Excluding the energy effect from the calculation, the annual inflation rate in April was 7.5% compared to 7.9%. From the previous month, excluding the impact of food, alcohol and tobacco prices, the Core inflation eased to 5.6% from 5.7% in the previous month.

Of the countries for which data were available, the least severe price increases were observed in Luxembourg (2.7%)followed by Belgium (3.3%), Spain and Cyprus (both 3.8%).

On the contrary, the most pronounced price increases were recorded in Latvia (15%)Before Slovakia (14%)Beside Lithuania (13.35) and Estonia (13.2%).

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