Inflation rose in Europe last month, putting pressure on households and the European Central Bank to unleash another large increase in interest rates.
The European Union’s statistics office, Eurostat, said consumer prices in the 20 countries using the euro jumped 7% in April compared to the previous year.
Food prices witnessed a limited decline, falling from 15.5 percent in March to 13.6 percent annually, while energy prices rose by 2.5 percent.
Core inflation, which excludes volatile food and fuel prices, slowed slightly but remained high at 5.6%, confirming expectations that the European Central Bank will press ahead with its campaign to beat inflation by raising interest rates.
This article was originally published by RT.