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Eurozone inflation slows to a minimum in April from 2016

Wed May 20, 2020
watermark Economic news

According to the final data of the Statistical Office of the European Union (Eurostat), consumer prices in the eurozone in April rose by 0.3% in annual terms, at the lowest rates in almost four years. A preliminary estimate was 0.4%. On a monthly basis, consumer prices rose in April by 0.3%.

In March, inflation was 0.7%. The inflation target set by the European Central Bank is «just under 2%.»

Core inflation (excluding volatile energy, food and alcohol prices) slowed from 1% to 0.9% in annual terms. The cost of energy itself fell by 9.7% in annual terms after a March decline of 4.5%. Food, alcohol and tobacco rose by 3.6% after rising 2.4% a month earlier.

Annual inflation in all EU countries slowed to 0.7% from 1.2% a month earlier.

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