Eurozone April Inflation Rate Confirmed at 1.2%

The consumer price inflation rate in the Euro Area came in at 1.2 percent year-on-year in April 2018, unchanged from the preliminary estimate and slightly below 1.3 percent reported in the previous month.

Services inflation softened to 1 percent in April from 1.5 percent in the previous month. On the other hand, prices rose at a faster pace for: food, alcohol and tobacco (2.4 percent vs 2.1 percent), of which processed food, alcohol and tobacco (3 percent vs 2.9 percent) and unprocessed food (1.5 percent vs 0.8 percent); energy (2.6 percent vs 2 percent); and non-energy industrial goods (0.3 percent vs 0.2 percent).

Among Eurozone's largest economies, the highest annual rate was registered in France (1.8 percent), followed by Germany (1.4 percent), Spain (1.1 percent) and Italy (0.6 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was confirmed at 0.7 percent in April, below the previous month's figure of 1 percent. It was the lowest core inflation rate since March 2017.

On a monthly basis, consumer prices rose 0.3 percent in April, easing from a 1 percent jump in March and matching market consensus.

Eurozone April Inflation Rate Confirmed at 1.2%

Eurostat | Joana Ferreira |
5/16/2018 9:11:03 AM