Energy prices boost eurozone inflation in April

Inflation

Inflation in the eurozone increased further in April, due mostly to higher energy prices, but it remains below the European Central Bank’s target.

The eurozone consumer price index (CPI) increased year on year by 1.6% in April, according to official data, up from 1.3% in March. The ECB’s target is below, but close to, 2%.

Energy prices were the main factor behind the increase. They increased over the last year by 10.4%, up from just 4.3% in March and -1.7% in February.

This sharp growth in

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