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Inflation in the eurozone was unchanged in April, while it accelerated in the European Union, as energy prices continued to surge during the month.
Source: Eurostat
EWU is down 1.11%, while EZU is up 0.10% premarket.
The annual eurozone inflation clocked in at 7.4% in April, unchanged from the previous month. This compares with the 1.6% print recorded in the same month of the previous year.
The biggest contributions to the annual print were from energy which increased by 3.70 percentage points; services which climbed by 1.38 percentage points; and food, alcohol, and tobacco which increased by 1.35 percentage points.
The fastest annual rates were recorded in Estonia with 19.1%, Lithuania with 16.6%, and Czechia with 13.2%. The lowest rates were seen in France and Malta, both with 5.4%, and Finland with 5.8%.
The European Union’s annual inflation rate accelerated to 8.1%, higher than the 7.8% recorded in the previous month and significantly faster than the 2.0% inflation recorded in April 2021.
Annual inflation picked up in 22 member states and fell in three member states during the month.
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