rate inflation eurozone underlyingExcluding energy and food prices and volatility in alcohol and tobacco prices recorded in April, an annual increase of 5.6%, According to Eurostat’s preliminary estimate, it is one-tenth below the record increase observed in the previous month.
Thus, in April, the core inflation rate experienced the first sign of slowdown on an annual basis since June 2022, after showing no signs of slowing down and putting pressure on the market for nine consecutive months. European Central Bank (ECB) will continue to tighten its monetary policy.
Among the Eurozone countries for which data are available, the highest core inflation levels were recorded in Slovakia in April (11.4%); Croatia (9.3%); The Netherlands (7.9%) and Greece (7.2%), only Cyprus (4%), France (4.7%) and Finland (4.9%) recorded readings below 5%.
Regarding the overall inflation rate, Annual reading for eurozone accelerated by a tenth month-on-month in AprilIt reached 7% compared to 6.9% in March.
According to preliminary data published by Eurostat, in April, energy increased by 2.5% year-on-year after a 0.9% decrease compared to the previous month, while the increase in food prices decreased from 14.7% to 10%.
In the case of Services, prices rose 5.2% year-on-year in April, One-tenth more than in March, but non-energy industrial goods became four-tenths less and 6.2% more expensive than in March.
Among the countries for which data is available, the least price increases were seen in Luxembourg (2.7%), followed by Belgium (3.3%) and Spain and Cyprus (both 3.8%).
In contrast, the most marked price increases were recorded in Latvia (15%), Slovakia (14%), Lithuania (13.35%) and Estonia (13.2%).