Home Latest News & Insights EURO AREA INFLATION STABLE AT 2.4%

EURO AREA INFLATION STABLE AT 2.4%

May 20, 2024
restructuring

EURO Area inflation stable. In April 2024, annual inflation in the euro area remained stable at 2.4%, matching March’s rate.

The EU’s annual inflation was also steady at 2.6%, compared to 2.6% in March.

This data, published by Eurostat, highlights a significant decrease from last year’s rates of 7.0% in the euro area and 8.1% in the EU.

Stable inflation is likely to support consumer demand for finished products made from polymers such as ABS, PC, and PA.

Lower inflation will also reinforce expectations of lower interest rates, further boosting demand for these polymers.