The European Union’s inflation rate has shown a modest decline, dropping to 2.4% in April from 2.5% in March, according to the latest Eurostat report. The Czech Republic has demonstrated particularly encouraging results, with inflation falling to 1.7% from its March figure of 2.7%.
In the Eurozone, inflation remained steady at 2.2%, maintaining its March levels. This represents a slight improvement from April 2024’s rate of 2.4%. The broader EU saw a similar pattern, with inflation decreasing from last year’s 2.6%.
France leads the pack with the lowest inflation rate at 0.9%, followed by Cyprus at 1.4% and Denmark at 1.5%. On the other end of the spectrum, Romania faces the highest inflation at 4.9%, with Estonia and Hungary following at 4.4% and 4.2% respectively.
The Czech Statistical Office reports an even more significant milestone, with national calculations showing inflation at 1.8% – the lowest in seven years. This improvement is attributed to decreased fuel prices and last year’s higher comparative base.