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Inglación en la Eurozona infographic
El gráfico muestra la inflación y la inflación núcleo europea por mes.
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ECONOMIA

Sube la inflación en Europa

By Duncan Mil

May 3, 2023 - Los precios al consumidor en 20 países que usan el euro aumentaron en abril,oprimiendo más a los hogares. La inflación núcleo, que excluye los precios volátiles de los alimentos y los combustibles se desaceleró ligeramente.

The harmonised consumer price index jumped 7% in April from a year earlier, just up from the annual rate of 6.9% in March, the European Union statistics agency Eurostat said Tuesday.

Food, alcohol and tobacco price inflation eased a little, falling to an annual rate of 13.6% from March’s 15.5%, while energy prices rose a more modest 2.5%.

Core inflation slowed slightly but was still high at 5.6%, underlining the expectation that the European Central Bank will press ahead with an interest rate hike.

“Our hunch is that the Bank will pull a hawkish surprise” and decide on a half-point increase, Andrew Kenningham, chief Europe economist at Capital Economics, said in a research note.

Rate increases are the ECB’s primary tool against inflation. Higher rates increase the cost of credit for consumer spending or business investment, reducing the demand for goods.

Europe’s current inflation followed high energy prices following Russia’s invasion of Ukraine -- Moscow cut off most of its natural gas supplies, while Europe slapped sanctions on Russia’s crude oil shipments.

Sources
PUBLISHED: 03/05/2023; STORY: Graphic News; PICTURES: Getty Images
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