Euro Zone Inflation In April Remains At 2.4%

Annualized consumer prices in the eurozone rose by 2.4% in April, reads the European Union Statistical Office report that included the final statistics.

As a result, there was no change in inflation from March, when it was 2.4%, the lowest level since November of last year.

The preliminary estimate and the consensus projection of the analysts surveyed by Trading Economics were in agreement with the inflation trends.

The eurozone’s inflation rate was 7% in April 2023.

Food, drink, and tobacco product prices surged to 2.8% in April from 2.6% in March; industrial price increases slowed to 0.9% from 1.1%, and services fell to 3.7% from 4%.

Prices for energy dropped by 0.6% (-1.8% from March).

As anticipated, price growth (CPI Core) excluding food and energy dropped to 2.7% in April from 2.9% a month earlier, its lowest level since February 2022.

source: ec.europa.eu

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