Home Latest News & Insights EU ANNUAL INFLATION STABLE IN APRIL 2024

EU ANNUAL INFLATION STABLE IN APRIL 2024

May 6, 2024
inflation

EU annual inflation stable. Euro area annual inflation rate is expected to hold steady at 2.4% in April 2024. This mirrored the rate observed in March, according to Eurostat.

In the breakdown of inflation components, services are anticipated to register the highest annual increase in April at 3.7%.

However, slightly lower than the 4.0% recorded in March, followed by food, alcohol, and tobacco which saw a rise to 2.8% from March’s 2.6%.

Conversely, inflation for non-energy industrial goods slowed to 0.9%, down from 1.1% in March.

Meanwhile, energy prices improved slightly, contracting by 0.6% compared to March’s drop of 1.8%.