Brussels (EFE).- The annual inflation rate in the euro area increased by one tenth in April compared to March, up to 7.0%, driven mainly by increases in food prices , according to the preliminary estimate released this Tuesday by the Eurostat community statistics office.
However, subjacent inflation fell by one tenth to 5.6%, which excludes the effect of energy, food, alcohol and tobacco prices as they are the most volatile, and is the indicator of reference for the European Central Bank (ECB) when setting its interest rate policy.
In Spain, the inflation rate increased by seven tenths in April, up to 3.8%, according to the Eurostat estimate, which places the Spanish rate three tenths below the 4.1% announced by the National Institute of Statistics (INE). ) last week.
Spain is thus positioned as the third country in the euro area with the smallest price increase in April, at the same level as Cyprus (also 3.8%) and only behind Luxembourg (2.7%) and Belgium (3.3%). %).