The final data published by Eurostat showed that consumer price growth stabilized last month, confirming experts' forecasts and preliminary estimates. Meanwhile, core inflation fell to its lowest level since February 2022.
According to the report, the consumer price index rose by 2.4% per year after a similar increase in March. European Union annual inflation was 2.6% in April, stable compared to March.
Meanwhile, on a monthly basis, the consumer price index rose by 0.6%, confirming economists' forecasts and slowing compared to March (+0.8%). This was the third increase in a row.
Eurostat reported that the core consumer price index - excluding energy, food, alcohol and tobacco - rose by 2.7% per year, as expected, after an increase by 2.9% per year in March. Core inflation has been declining for the 9th month in a row.
The data also showed that the largest contribution to the annual inflation was made by services (+1.64%), food, alcohol & tobacco (+0.55%), non-energy industrial goods (+0.23%) and energy (-0.04%).
The lowest annual rates were registered in Lithuania (0.4%), Denmark (0.5%) and Finland (0.6%). The highest annual rates were recorded in Romania (6.2%), Belgium (4.9%) and Croatia (4.7%). Compared with March 2024, annual inflation fell in fifteen Member States, remained stable in four and rose in eight.