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Inflation has not eased in the euro zone and remains at a record 7.4%

The year-on-year inflation rate in the euro area stood at 7.4% in April, which means same data Compared to that…

By admin , in news , at May 18, 2022

The year-on-year inflation rate in the euro area stood at 7.4% in April, which means same data Compared to that recorded in March, therefore it continues to be the largest increase in prices in the euro area of the entire historical seriesAs reported Wednesday by Eurostat, the Office of Community Statistics.

April figures represent a shortfall tenth That compared to a preliminary estimate published by Eurostat at the end of April. In this way, the data is kept first of all Out of 1.6% inflation recorded in April 2021.

Across the European Union (EU), the year-on-year inflation rate in April was 8.1%which represents an acceleration of three tenths compared to March and greater than six points Against the increase in prices from a year ago.

price rally

According to the Statistical Office, the rise in prices in the euro area responded to an uptick in prices of all products that offset less expensive of energy. Thus, food registered a growth of 6.3% as compared to 5% in March, while non-energy industrial goods stood at 3.8%, four tenths moreand services, at 3.3%, six-tenths higher.

On the other hand, the euro area saw a decrease in energy prices. about seven points The percentage reached an increase of 37.5% in April, compared to 44.3% in March.

Excluding the effect of energy from calculations, the year-on-year inflation rate in the euro area was 4.1% in April, seven tenth moreWhereas, excluding the impact of fresh food, alcohol and tobacco prices, the core inflation rate reached an all-time high 3% to 3.5% compared to the previous month.

Among the countries of the European Union, the largest price increases were recorded Estonia (19.1%), Lithuania (16.6%) and the Czech Republic (13.2%), while less strong growth is in line with Malta and France (both 5.4%) and Finland (5.8%).

In the case of Spain, the consistent inflation rate stood at 8.3% in April, while at 9.8% in MarchReducing the unfavorable price gap with respect to the euro area average to less than one percentage point.

Inflation has not eased in the euro zone and remains at a record 7.4%

2022-05-18 10:25:28