ZURICH (MaceNews) – Inflation in the Eurozone accelerated to 1.6% year-on-year, rising from a 1.3% rate in March, driven higher by energy prices, according to the latest figures from Eurostat.
The result was in-line with the median forecast of an Econoday survey of economists. Excluding energy prices which rose 10.3% on a year-on-year basis in April, inflation was a more moderate 0.8%.
On a monthly comparison, HICP was 0.6% higher while energy was 0.6% more expensive.
Narrow core inflation which excludes energy, food, alcohol and tobacco rose 0.8% in April year-on-year, from 0.9% in March and was below the median Econoday forecast for a 0.9% gain.
April prices by main category:
• Food, Alcohol and Tobacco +0.7% Y/y; +0.7% M/M
• Energy +10.3% Y/y; +0.6% M/M
• Non-energy industrial goods +0.5% Y/y; +0.7% M/M
• Services +0.9% Y/y; +0.5% M/M
April prices by large economies:
• Germany +2.1% Y/y; +0.5% M/M
• France +1.7% Y/y; +0.3% M/M
• Italy +1.0% Y/y; +0.9% M/M
• Spain +1.9% Y/y; +1.1% M/M
• Netherlands +1.8% Y/y; +0.9% M/M
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