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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 17, 2019
EU AND EURO AREA CONSUMER PRICE INFLATION, APRIL 2019

In April, the year-over-year inflation rate rose to 1.9 per cent in the European Union and 1.7 per cent in the Euro Area.  

Among member states, the fastest year-over-year inflation was reported in Romania and Hungary, while the lowest inflation was reported in Croatia, Denmark and Portugal.

In April 2019 food price inflation slowed to 1.7 per cent (year-over-year) in the European Union and to 1.2 per cent in the Euro Area.

Energy inflation was steady at 5.3 per cent year-over-year in the European Union, while year-over-year energy inflation was 4.8 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices, year-over-year inflation has been more subdued in Europe. In April 2019, the CPI excluding food, energy, alcohol and tobacco rose to 1.4 per cent for the European Union and to 1.3 per cent for the Euro Area. 

Note, Methodological changes was made to data starting in 2015, so the year-over-year inflation rates calculated between 2015 and 2014 are based on different methodologies for the HICP. For more information, please see Eurostat, Improved calculation of HICP special aggregates and German package holidays methodological change.

Source: Eurostat-News Release



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