The final data published by Eurostat showed that consumer price growth stabilized in April, remaining at its lowest level since November 2024. Meanwhile, core inflation reached its highest level since January 2025.
According to the report, the consumer price index rose by 2.2% per year after a similar increase in March. Economists and a preliminary estimate also suggested growth of 2.2%. The European Union annual inflation was 2.4% in April, down from 2.5% in March. A year earlier, the rate was 2.6%.
Meanwhile, on a monthly basis, the consumer price index rose by 0.6%, the same as in March. This is the highest level since April 2024. Consensus estimates also suggested an increase of 0.6%.
Eurostat reported that the core consumer price index - excluding energy, food, alcohol and tobacco - rose by 2.7% per year, as expected, after increasing by 2.4% per year in March.
The data also showed that the highest contribution to the annual inflation rate came from services (+1.80%), followed by food, alcohol & tobacco (+0.57%), non-energy industrial goods (+0.15%) and energy (-0.35%).
The lowest annual rates were registered in France (0.9%), Cyprus (1.4%) and Denmark (1.5%). The highest annual rates were recorded in Romania (4.9%), Estonia (4.4%) and Hungary (4.2%). Compared with March 2025, annual inflation fell in thirteen Member States, remained stable in three and rose in eleven.