Euro Area Inflation Rate Flat in April

Consumer prices in the Eurozone were unchanged year-on-year in April after falling in the previous four months and matching preliminary estimates. Monthly inflation slowed to 0.2 percent.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.10 percentage points), rents (+0.08 pp) and vegetables (+0.07 pp), while fuels for transport (-0.42 pp), heating oil (-0.17 pp) and gas (-0.07 pp) had the biggest downward impacts. 

Annual core inflation rate which excludes prices of energy, food, alcohol and tobacco was recorded at 0.6 percent, the same as in the previous month.

In the European Union, annual inflation was also 0.0 percent in April 2015, up from -0.1 percent in March. The monthly rate eased to 0.3 percent from 0.9 percent.

In April 2015, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Greece (-1.8 percent), Cyprus (-1.7 percent), Bulgaria and Poland (both -0.9 percent). The highest annual rates were recorded in Malta (1.4 percent) and Austria (0.9 percent). Compared with March 2015, annual inflation fell in nine Member States, remained stable in one and rose in seventeen.

Euro Area Inflation Rate Flat in April

Eurostat | Joana Taborda |
5/19/2015 10:11:34 AM