Eurozone inflation slows to 2.2% in April. Portugal slightly rises to 2.1%.
Inflation slows down in Europe, but registers a slight increase in Portugal, driven by food prices.
Inflation rate decreases in the Eurozone, but increases in Portugal.
The annual inflation rate in the eurozone is estimated at 2.2% in April, according to the estimate published by Eurostat and disclosed in Notícias ao Minuto. This value represents a decrease from the 2.4% recorded in the same month last year, remaining stable compared to the previous month.
According to data advanced by the European statistical service, services continue to be the main driver of inflation, with an estimated annual rate of 3.9% in April (up from 3.5% in March). They are followed by food, alcohol, and tobacco products at 3.0%, non-energy industrial products at 0.6%, and energy with a negative value of -3.5%, reflecting the drop in prices in this sector.
The core inflation - which excludes more volatile components such as energy and unprocessed food - remained stable at 2.7% compared to the same month of the previous year, but slightly slowed down from 2.4% in March.
Portugal with slight increase in inflation to 2.1%
In Portugal, the scenario is slightly different. The estimated year-on-year inflation rate for April is 2.1%, an increase of 0.2 percentage points compared to March, according to data from the National Institute of Statistics (INE) shared by Notícias ao Minuto.
The national core inflation also recorded growth, reaching 2.1%, up from 1.9% the previous month. The increase was mainly driven by non-transformed food products, with the year-on-year variation rising from 2.8% to 3.3%. In contrast, energy products saw a slight decrease from 0.1% to -0.1%.
The monthly variation of the Consumer Price Index (CPI) was 0.7%, lower than March (1.4%), but higher than in April 2024 (0.5%). The average variation over the last 12 months remained stable at 2.4%.
Finally, the Harmonized Index of Consumer Prices (HICP) - used for European comparisons - also recorded a year-on-year increase of 2.1% in Portugal, compared to 1.9% in the previous month.
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