The FINANCIAL — Eurozone inflation rises to 2.8 percent _ this is a data for April, the highest level for 30 months. EU showed this analysis on Monday.
This number is the highest since October 2008, when it hit 3.2 percent, according to the Eurostat data agency.
Inflation in the 17-nation eurozone rose above that ceiling for the first time since late 2008 in December, hitting 2.2 percent, before rising to 2.3 percent in January and 2.4 percent in February.
According to EU Business, The faster-than-forecast acceleration, fuelled by a spike in energy costs as well as for raw materials, last month prompted the ECB to lift its benchmark interest rate to 1.25 percent for the first time in nearly three years.
It then slipped to 2.1 percent in November 2008 before slipping below two percent.
Lowest annual rates across the EU were in Ireland, with 1.5 percent, the Czech Republic, at 1.6 percent, and Sweden, 1.8 percent. Highest rises were noted in Romania, with 8.4 percent, Estonia at 5.4 percent and Lithuania and Hungary, both at 4.4 percent.
Highest annual rates per sector were transport, which rose 5.9 percent, and housing at five percent. Highest monthly rates were clothing at 2.6 percent and transport, 1.1 percent.
Source: EU Business
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