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EZ Inflation At Highest Since Apr 2019

EUROZONE DATA
MNI (London)

APR FINAL HICP +0.6% M/M, +1.6% Y/Y; MAR +1.3% Y/Y

APR FINAL CORE HICP +0.5% M/M; +0.7% Y/Y; MAR +0.9% Y/Y

  • Headline EZ inflation rose further in Apr by 0.3pp to 1.6%, confirming the flash estimate and coming in line with market expectations.
  • This marks the highest level since Apr 2019 where inflation registered at 1.7%.
  • Core inflation eased to 0.7% in Apr, down from 0.9% seen in Mar and showing the lowest level since Dec 2020.
  • Energy prices showed the largest upward contribution to price growth in Apr, as energy inflation surged by 10.3% and added 0.96pp to CPI growth.
  • Price growth for food, alcohol and tobacco slowed to 0.6% in Apr, while service inflation decelerated to 0.9%.
  • Prices for non-energy industrial goods edged higher to 0.4% in Apr, after dropping to 0.3% in Mar.
  • Among the member states, the highest annual rates have been recorded in Luxembourg (3.3%), Lithuania (2.4%) and Slovenia (2.2%), while Greece (-1.1%), Portugal (-0.1%) and Malta (0.1%) saw the lowest inflation rates.


Source: Eurostat

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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