According to the report from Eurostat, the euro area annual inflation rate was 1.6% in April 2021, up from 1.3% in March. A year earlier, the rate was 0.3%. European Union annual inflation was 2.0% in April 2021, up from 1.7% in March. A year earlier, the rate was 0.7%. 

The lowest annual rates were registered in Greece (-1.1%), Portugal (-0.1%) and Malta (0.1%). The highest annual rates were recorded in Hungary (5.2%), Poland (5.1%) and Luxembourg (3.3%). Compared with March, annual inflation fell in three Member States, remained stable in one and rose in twenty-three.

In April, the highest contribution to the annual euro area inflation rate came from energy (+0.96 percentage points, pp), followed by services (+0.37 pp), food, alcohol & tobacco (+0.16 pp) and non-energy industrial goods (+0.12 pp).