Home Economy Malta registered lowest annual inflation rate in EU in April

Malta registered lowest annual inflation rate in EU in April

Malta and France registered the lowest annual inflation rates in the EU in April, standing at 5.4%, statistics issued by Eurostat reveal.

The highest annual rates were recorded in Estonia (19.1%), Lithuania (16.6%) and Czechia (13.2%). Compared with March, annual inflation fell in three Member States, remained stable in two and rose in twenty-two.

The euro area annual inflation rate was 7.4% in April 2022, stable compared to March. A year earlier, the rate was 1.6%. European Union annual inflation was 8.1% in April 2022, up from 7.8% in March. A year earlier, the rate was 2%.

In April, the highest contribution to the annual euro area inflation rate came from energy (+3.70 percentage points), followed by services (+1.38 pp), food, alcohol & tobacco (+1.35 pp) and non-energy industrial goods (+1.02 pp).