Euro zone annual inflation rate stands to 2%
EU statistics institution Eurostat reported that the annual inflation rate in Euro zone rose to 2% in April from 1.7% in March. The rate a year earlier was 2.1%.
Moreover, annual inflation rate in the 25 member states of European Union (EU) was recorded as 1.9% in April. A year earlier the rate was 1.9%.
According to the figures published by Eurostat, member countries which indicated the highest annual rates for April are;
Slovakia with 7.8%,
Hungary with 7%,
Latvia with 5%,
Malta and
Slovenia with 3.6% for each, whereas the lowest rates were seen in
Lithuania with -0.7%,
Finland with -0.4%,
Cyprus with -0.1% and
Denmark with -0.5%.
In addition, annual inflation rate reached 1.7% in
Germany in April while it was recorded as 2.3% and 2.4% in
Italy and
France respectively.