HomeEconomyInflation rises to 7% in the Eurozone but falls to 8.1% in...

Inflation rises to 7% in the Eurozone but falls to 8.1% in the EU in April

Inflation in the eurozone rose to 7.0% in April, but that of the European Union (EU) fell to 8.1%, Eurostat announced this Wednesday.

This Wednesday’s bulletin confirms, for the Eurozone, the slight increase compared to March (6.9%) already advanced in the flash estimate, on the 2nd, and comes after five consecutive months of slowing inflation.

Inflation fell from 7.4% in April 2022.

In the EU, the indicator fell for the sixth month in April from 8.3% in March to 8.1% in April, stable in the homologous equation.

In April, the largest contributors to annual inflation in the eurozone were food, alcohol and tobacco (2.75 percentage points, pp), followed by services (2.21 pp), industrial products excluding energy (1.62 pp) and energy (0.38 pp).

Among Member States, the lowest year-on-year inflation rates were recorded in April in Luxembourg (0.27%), in Belgium (3.3%) and Spain (3.8%) and the highest in Hungary (24.5% ), Latvia (15.0%) and the Czech Republic (14.3%).

Compared to March, the annual inflation rate fell in 22 Member States and rose in five others.

In Portugal, the indicator slowed to 6.9%, compared to 8.0% in March and 7.4% in April 2022.

Author: Portuguese/DN

Source: DN

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