The inflation rate in European countries that use the euro currency has reached 7% in April, which is an increase from March's rate of 6.9%
While food prices have fallen slightly, energy prices have increased by 2.5%, maintaining pressure on households.
The core inflation rate, which excludes volatile food and energy, is still high at 5.6%, indicating that the European Central Bank may continue to increase interest rates to curb inflation.
The bank will meet on Thursday in Frankfurt, and analysts expect a possible quarter or half-percentage point hike.
The increasing inflation rate underlines the need for the ECB to take action to reduce inflation and maintain economic stability.
The bank will meet on Thursday in Frankfurt, and analysts expect a possible quarter or half-percentage point hike.
The increasing inflation rate underlines the need for the ECB to take action to reduce inflation and maintain economic stability.
