Inflation remains stable at 2.2% in Spain and the eurozone and prices grow in April to its lower pace since October
The rhythm of prices rise remains stable not only in Spain, but in the whole of euro countries. According to the data published Monday by Eurostat, The inflation rate in the eurozone endured invariable in April to 2.2%the same level noted in March. In Spain, the evolution of prices was couple. Near the reference objective of 2% of the European Central Bank (ECB), the national data chains two months accompanied by the European average and with a situation similar to that of the other great economies of the old continent, except France, which is currently the community country with the lowest inflation.
Both in the Eurozone and in Spain Prices grow at the lowest rhythm since October 2024. At that time, at the national level inflation played minimal after the inflationary crisis. According to harmonized Eurostat data, Spain stood at a year -on -year variation rate of 1.8%, although later bouncing and 2025 began with an inflation of 2.9% in January. After repeating that same mark in February, the variation of the CPI was moderated seven tenths in March until reaching its current level.
In the case of the Eurozone, the evolution has been similar. Something more progressive, the average rise in prices has slowed slightly in the set of partner countries of the single currency after starting the year with a medium inflation of 2.5%. If the community states that do not use the euro are also incorporated into the calculation, it is observed in the last month a slight decrease of just a tenth in the interannual inflation rate of the European Union as a whole. It was moderated in April for the third consecutive month to 2.4%, its lowest level from 2.3% recorded in October.
Compared to March, year -on -year inflation increased in April in eleven member states, it remained stable in three – including Spain – and decreased by thirteen. Among the latter were two of the great European economies: Italy and Germany, where the IPC year -on -year variation rate retreated one tenth to 2% and 2.2% respectively. France was the discordant note among the four great powers to stay at 0.9% noted in March, repeating as the European country where prices are least uploading. On the opposite, the highest rates were recorded in Romania (4.9%), Estonia (4.4%) and Hungary (4.2%).
By excluding from the calculation the price of energy and fresh foods for its high volatility, The underlying inflation of the Eurozone in April amounted to 2.7%two tenths above 2.5% in March. Also in Spain this indicator broke with its bearish streak and accelerated to 2.5%, with a rebound of five tenths compared to the 2% rate scored in April. In this way, the underlying inflation exceeded the threshold of the general index, something that did not happen since the end of last year.
Eurostat attributes this rise to the rebound in the price of serviceswhich bounced in the Eurozone until registered a rise of 4% – on March 3.5% – the highest since November 2024. In Spain the increase in services was similar, with an increase of 4.1% compared to April 2024. At the national level, study centers such as function have warned of the impact of services on the evolution of inflation, noting that the strong rise of tourist prices IPC slows down less than expected. “An increase in the rate was expected due to the different Holy Week calendar, which was in March last year, but this effect intensified by the magnitude of the price increase in tour packages and flights,” they valued a few days ago from Funcas in their analysis of the economic situation.
The ECB closely monitors the evolution of prices to decide the course of monetary policy in the Eurozone. At its last meeting, held in mid -April and in the midst of the tariff war with the United States, the institution chaired by Christine Lagarde again reduced interest rates at 0.25 basic points, leaving the official price of money at 2.25%, and acknowledged that “the downward risks for economic growth have increased.” Despite the uncertainty that is ota in the horizon, the European Commission has raised its growth forecast for Spain up to 2.6% and expects general inflation to be located at 2.3% this year and in 1.9% next 1.9%.
