According to data announced Tuesday by the Statistical Office of the European Union, the annual inflation rate increased by one tenth compared to March.
The shopping cart gives it away and Eurostat confirms it: Inflation rose again in the euro area last April. According to data announced on Tuesday by the Statistical Office of the European Union, the annual inflation rate increased one tenth compared to March, standing at 7%. Once again, most of the rise in prices was taken by the food sector. Alcohol and tobacco did not help either.
The so-called subjacent inflation, which does not take into account the prices of energy, food, alcohol and tobacco, fell one tenth, to 5.6%.
In any case, the data is worse than expected by analysts, who were betting on stagnation, and are yet another incentive for the European Central Bank to raise interest rates again at its meeting next Thursday.
