However, underlying inflation, excluding unprocessed food and energy products, fell by one-tenth to 5.6%.
Year-on-year inflation in the euro area increased by a tenth in April compared to March, to 7.0%, mainly driven by the price of energy and of the foodaccording to the preliminary estimate released this Tuesday by Eurostat’s statistical office.
Energy recorded a year-on-year increase of 2.5%, following a 0.9% decline in the previous month, while food prices slowed their rise from 14.7% to 10%.
The evolution of inflation in the euro area is thus turning slightly upwards after five months of decline since reaching 10.1% in November 2022 thanks to the fall in energy prices.
The Underlying inflationwhich excludes the effect of energy, food, alcohol and tobacco prices and is the reference indicator for the European Central Bank (ECB) in determining its interest rate strategy, fell by a tenth to 5.6%.
Eurostat places the inflation of the Spanish state with 3.8% in April, three-tenths below the 4.1% announced last week by the National Statistics Institute (INE).
Source: EITB
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