The consumer price index for the 19 eurozone countries was up 7.5 percent for April, its highest rate on record. Much of the rise was due to a surge in energy prices on the back of Russia's invasion in Ukraine.
Energy prices surged 38 percent.
By country, consumer prices in Spain were up 8.3 percent, Germany 7.8 percent, and France 5.4 percent.
The April reading is the highest since 1997, when data became available.
The inflation is starting to take a toll on consumers and businesses. European Central Bank President Christine Lagarde noted a high possibility the ECB will start to raise interest rates by the end of the year.
Energy prices surged 38 percent.
By country, consumer prices in Spain were up 8.3 percent, Germany 7.8 percent, and France 5.4 percent.
The April reading is the highest since 1997, when data became available.
The inflation is starting to take a toll on consumers and businesses. European Central Bank President Christine Lagarde noted a high possibility the ECB will start to raise interest rates by the end of the year.
Similar Readings (5 items)
Eurozone inflation slows for third month
Russia's inflation rate stays above 17% for May
Price hikes slow in eurozone countries
Japan consumer prices rose 2.8% in August
Japan Nov. consumer inflation hits fresh four-decade high
Summary
Eurozone Consumer Price Index hit a record high of 7.5% in April, with energy prices surging by 38%. Key contributors include Russia's invasion of Ukraine. Inflation rates vary among countries: Spain at 8.3%, Germany at 7.8%, and France at 5.4%. This is the highest since 1997. Rising inflation
Statistics
110
Words1
Read CountDetails
ID: 626c6379-d8d4-42fd-bce5-245fc0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220429_23/
Date: April 29, 2022
Created: 2022/04/30 07:15
Updated: 2025/12/09 16:38
Last Read: 2022/04/30 07:15