The Eurostat has released its annual inflation report for the euro area with its main components.
According to the available data, consumer prices in the euro area increased by 1.7% y-o-y in April 2019, which can indicate possible inflation expansion, especially given the March results at 1.4%. As for month-on-month comparison, the prices added 0.7% from March 2019.
At the same time, the figures came in line with the previous data and expectations of the market experts.
CPI excluding energy, food, alcohol and tobacco rose by 1.3% y-o-y in April, while the forecasts suggested an increase of 1.2%. At the same time, the March increase was recorded at 0.8%. Prices for food, alcohol and tobacco hiked by 1.5% y-o-y, while for energy and services – 5.3% and 1.9% respectively.
As the released data showed, the EU countries (28) posted an increase of 1.9% y-o-y following the 1.6% rise observed a month before. In the 6-month comparison, prices added 0.7% in the EU.
This time the lowest inflation was observed in Croatia (0.8% y-o-y), Denmark and Portugal (0.9%), while Romania and Hungary posted the highest CPI increase at 4.4% and 3.9% respectively.