Economic Buzz: Eurozone Inflation Stable At 7.4% In April

18 May 2022 , 03:30 PM

According to the figures published by Eurostat, the euro area annual inflation rate was 7.4% in April 2022, stable compared to March. A year earlier, the rate was 1.6%. European Union annual inflation was 8.1% in April 2022, up from 7.8% in March. A year earlier, the rate was 2.0%. In April, the highest contribution to the annual euro area inflation rate came from energy (+3.70 percentage points,pp), followed by services (+1.38 pp), food, alcohol & tobacco (+1.35 pp) and non-energy industrial goods (+1.02 pp). Powered by Commodity Insights