Home News Annual inflation in the EU dropped to 8.1% and reached 7.0% in...

Annual inflation in the EU dropped to 8.1% and reached 7.0% in the euro area


The euro area annual inflation rate was 7.0% in April 2023, up from 6.9% in March. A year earlier, the rate was 7.4%. European Union annual inflation was 8.1% in April 2023, down from 8.3% in March. A year earlier, the rate was 8.1%. These figures are published by Eurostat, the statistical office of the European Union.

The lowest annual rates were registered in Luxembourg (2.7%), Belgium (3.3%) and Spain (3.8%). The highest annual rates were recorded in Hungary (24.5%), Latvia (15.0%) and Czechia (14.3%). Compared with March, annual inflation fell in twenty-two Member States and rose in five.

In April, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (+2.75 percentage points, pp), followed by services (+2.21 pp), non-energy industrial goods (+1.62 pp) and energy (+0.38 pp)

Source: Eurostat
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