Europe’s inflation inches up

Consumer prices in the 20 countries using the euro currency inched higher in April, extending the squeeze on households. Core inflation, which excludes volatile food and fuel, slowed slightly

Harmonised consumer price index (annual percent change) Core inflation (excluding energy, food, alcohol, tobacco)

8.1 8.6 8.9 9.1 9.9 10.6 10.1 9.2 8.6 8.5 6.9 7.0 April estimates

3.8 3.7 4.0 4.3 4.8 5.0 5.0 5.2 5.3 5.6 5.7 5.6 

10 8 6 4 2 0 

2022 2023

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr


Euro area inflation, April 2023 (annual percent change)


7.0%   All items 
13.6%  Food, alcohol and tobacco
2.5%   Energy
6.2%   Non-energy industrial goods 
5.2%   Services

Sources: Eurostat, Financial Times Picture: Getty Images © GRAPHIC NEWS