Euro area inflation was confirmed at 0.6% MoM and 2.2% YoY in April, unchanged from the March rate, as slight downward revisions in food and energy offset an upward revision in services.

• Core inflation was also confirmed at 1.0% MoM and 2.7% YoY, up from 2.4% YoY.
• The core monthly increase of 1.0% MoM was above the 0.6% MoM increase in April 2024.
• Food prices increased 0.3% MoM (slight downward revision from 0.4% MoM in first estimate) and 3.0% YoY, the highest annual rate since February 2024.
• Energy prices declined -2.3% MoM and -3.6% YoY (revised down from -3.5% YoY in initial estimate).
• Non-energy goods were up 0.4% MoM and the annual rate was unchanged at 0.6% YoY.
• Services inflation was revised up slightly at 1.4% MoM and 3.9% YoY, up from the first estimate of 1.3% MoM and 4.0% YoY.

• The contribution from services inflation to headline YoY inflation increased to 1.80 ppts, the highest since August 2024, but the increase was offset by a similar decline in the energy contribution.