Euro area inflation up to 7% in April - Breaking The News

Euro area inflation up to 7% in April

2 May

1 min read

EPA-EFE/PACO CAMPOS

Inflation in the Eurozone increased slightly on a yearly basis in April, Eurostat said in a preliminary report on Tuesday. The Consumer Price Index (CPI) grew by 7% year-on-year in April, compared to a 6.9% annual inflation recorded in March, somewhat higher than forecast.

Month-over-month, the CPI rose by 0.7%, in line with expectations. The core CPI, excluding energy, food, alcohol and tobacco, was up by 5.6% on a yearly basis, compared to 5.7% in March. It added 1% month-on-month, down from the previous monthly reading of 1.3%.

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Eurozone inflation unchanged at 2.2% in April

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Annual inflation in the euro area remained at 2.2% in April, unchanged from March's numbers, according to a preliminary report by Eurostat published on Friday. Monthly inflation in April was measured at 0.6%. Services contributed the most to the increase in the consumer price index (CPI) with 3.9%, followed by food, alcohol and tobacco at 3% and non-energy industrial goods at 0.6%.The core CPI, measuring inflation excluding energy, food, alcohol and tobacco,...

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