May 17, 2024

In April 2024, the annual inflation rate in the euro area remained constant at 2.4% when compared to March 2024. In the year earlier the annual inflation rate was 7.0%. In April 2024, the EU’s annual inflation rate remained steady at 2.6% from March 2024. In the previous the annual inflation rate for the EU was 8.1%. The European Union’s statistical office, Eurostat, releases these data.

Finland (0.6%), Denmark (0.5%), and Lithuania (0.4%) had the lowest yearly rates. The countries with the highest annual rates were Belgium (4.9%), Croatia (4.7%), and Romania (6.2%). In fifteen Member States, annual inflation decreased, stayed stable in four, and increased in eight when compared to March 2024.

Services contributed 1.64 percentage points (pp) to the annual inflation rate in the euro area in April 2024, more than any other sector. Food, alcohol, and tobacco (+0.55 pp), non-energy industrial goods (+0.23 pp), and energy (-0.04 pp) were the next highest contributors.

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