Eurozone: Inflation stable at 7.4% in April, Greece at 9.1%

The annual inflation rate of the euro area was 7.4% in April 2022, stable compared to March, as announced today by Eurostat.

The initial measurement of inflation for April was at 7.5%, with the index still remaining at a high high after the downward revision. It is noted that a year earlier the percentage was 1.6%.

The annual inflation of the European Union was 8.1% in April 2022, from 7.8% in March, while a year earlier, the rate was 2.0%.

The lowest annual rates were recorded in France, Malta (5.4%) and Finland (5.8%), while the highest rates were recorded in Estonia (19.1%), Lithuania (16.6%) and the Czech Republic ( 13.2%).

In Greece, annual inflation climbed to 9.1% in April from 8% in March, according to data from the European Statistical Office.

Compared to March, annual inflation fell in three Member States, remained stable in two and rose to twenty-two, according to Eurostat.

In April, the largest contribution to the annual inflation rate of the euro area came from energy (+3.70 percentage points), followed by services (+1.38), food, alcohol and tobacco (+1.35) and non-energy industrial goods (+1.02).

The structural index, excluding energy, food, alcohol and tobacco, rose 3.5% in April after rising 3% in March.

Source: Capital

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