Eurozone CPI at 7.4% in April, Unchanged from March Reading

Eurozone CPI was finalized at 7.4% yoy in April, unchanged from March’s reading. Core CPI was finalized at 3.5% yoy, up from March’s 3.0% yoy. The highest contribution to the annual Eurozone inflation rate came from energy (+3.70%), followed by services (+1.38%), food, alcohol & tobacco (+1.35%) and non-energy industrial goods (+1.02%).

EU CPI was finalized at 8.1% yoy, up from March’s 7.8% yoy. The lowest annual rates were registered in France, Malta (both 5.4%) and Finland (5.8%). The highest annual rates were recorded in Estonia (19.1%), Lithuania (16.6%) and Czechia (13.2%). Compared with March, annual inflation fell in three Member States, remained stable in two and rose in twenty-two.