Eurozone inflation was unchanged in April, official data confirmed on Monday, in line with expectations.
Source: Sharecast
According to final readings from Eurostat, the statistical office of the European Union, the annual inflation rate was 2.2% in April, unchanged on March.
Across the wider bloc, the rate ticked down to 2.4% from 2.5% a month earlier.
Among individual member states, in Germany - the bloc’s biggest economy - inflation was 2.2%, down on March’s 2.3%.
Inflation was unchanged in Spain and France, at 2.2% and 0.9% respectively, and ticked 0.1 point lower to 2.0% in Italy.
Eurozone core inflation, which strips out more the volatile elements of food, energy and tobacco, was 2.7%. That was up from 2.4% a month previously but in line with expectations.
The European Central Bank’s long-term target for inflation is 2%.
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