Eurozone inflation rises to 7% in April

By Gokhan Ergocun

ISTANBUL (AA) — Annual consumer inflation in the eurozone rose to 7% in April, from 6.9% in March, according to official data released Wednesday.

"In April, the highest contribution to the annual euro area inflation rate came from food, alcohol & tobacco (2.75 percentage points), followed by services (2.21 percentage points), non-energy industrial goods (1.62 percentage points) and energy (0.38 percentage points)," Eurostat said.

Meanwhile, the rate was down to 8.1% in the EU, from 8.3%, over the same period.

The lowest annual rates were posted by Luxembourg (2.7%), Belgium (3.3%), and Spain (3.8%), while the highest were seen in Hungary (24.5%), Latvia (15%) and Czechia (14.3%).

Versus March, annual inflation fell in 22 member states and rose in five in the EU.