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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 20, 2020
EU AND EURO AREA CONSUMER PRICE INFLATION, APRIL 2020

In April 2020, the month marked by COVID-19 containment measures in all countries, the year-over-year inflation rate declined to 0.7 per cent in the European Union and to 0.3 per cent in the Euro Area. European Union data for this report is now for the 27 member countries of the European Union, not including the UK. 

Among member states, the fastest year-over-year inflation was reported in Czechia, Poland, and Hungry while the lowest inflation was reported in Slovenia, Cyprus, Estonia and Greece. In April, annual inflation fell in twenty-six Member States and remained stable in one (Croatia) compared with March 2020.                                                                          

April food price inflation moved up to 4.5 per cent (year-over-year) in the European Union and 3.9 per cent (year-over-year) in the Euro Area. 

Energy inflation (Apr-20 vs Apr-19) slipped to -9.1 per cent in the European Union and to -9.7 per cent in the Euro Area.

Excluding the impacts of volatile energy, food, alcohol and tobacco prices year-over-year inflation in Europe moved down to 1.1 per cent for the European Union and to 0.9 per cent for the Euro Area. 

 

Source: Eurostat-News Release

 

 



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