The cost of fresh food and energy have influenced the year-on-year increase in prices in the eurozone.
The year-on-year inflation rate in the euro zone stood at 7.5% in April, compared to the 7.4% registered in March, which represents the highest increase in prices in the euro region of the entire historical series, according to the advance of the data published by the community statistical office, Eurostat.
According to the community statistical office, the rise in prices in the euro zone in the fourth month of 2022 responds to the 9.2% year-on-year rise in the cost of fresh food, compared to 7.8% in the previous month, while the rise in energy prices slowed to 38% from 44.4% in March.
In turn, services became more expensive by 3.3% year-on-year, compared to 2.7% in the previous month, while non-energy industrial prices rose by 3.8%, four tenths more than in March.
Excluding the impact of energy from the calculation, the year-on-year inflation rate in the euro zone stood at 4.2% in April, compared to 3.4% in the previous month, while also excluding the effect of prices of fresh food, alcohol and tobacco, the core inflation rate reached an all-time high of 3.5% from 2.9% in March.
Among the EU countries, the largest price increases were recorded in Estonia (19%), Lithuania (16.6%) and Latvia (13.2%), while the smallest increases were in Malta (4. 9%), France (5.4%) and Finland (5.6%).
In the case of Spain, the harmonized inflation rate stood at 8.3% in April, compared to 9.8% in March, reducing the unfavorable price differential to eight tenths with respect to the euro area average.
Source: Eitb
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