Annual inflation rate in the Euro Area was confirmed at 2.5% in June 2024, lower than 2.6% in May and 5.5% a year earlier. Prices eased for energy (0.2% vs 0.3%) and food, alcohol and tobacco (2.4% vs 2.6%). On the other hand, inflation was steady for services (4.1%) and non-energy industrial goods (0.7%). Compared to the previous month, the CPI edged up 0.2%, the same as in May and also in line with preliminary estimates. Meanwhile, core consumer prices which exclude energy, food, alcohol and tobacco, rose 2.9% on the year, the same as in May. Among the bloc's largest economies, inflation slowed in Germany (2.5% vs 2.8%), France (2.5% vs 2.6%) and Spain (3.6% vs 3.8%) but edged higher in Italy (0.9% vs 0.8%). source: EUROSTAT
Inflation Rate In the Euro Area decreased to 2.50 percent in June from 2.60 percent in May of 2024. Inflation Rate in Euro Area averaged 2.23 percent from 1991 until 2024, reaching an all time high of 10.60 percent in October of 2022 and a record low of -0.60 percent in July of 2009. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2024.
Inflation Rate In the Euro Area decreased to 2.50 percent in June from 2.60 percent in May of 2024. Inflation Rate in Euro Area is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.10 percent in 2025, according to our econometric models.
Euro Area Inflation Rate
In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (21 percent of the total weight), energy (11 percent), non-energy industrial goods (27 percent) and services (42 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 2.50 | 2.60 | 10.60 | -0.60 | 1991 - 2024 | percent | Monthly |
News Stream
Euro Area Inflation Rate Confirmed at 2.5%
Annual inflation rate in the Euro Area was confirmed at 2.5% in June 2024, lower than 2.6% in May and 5.5% a year earlier. Prices eased for energy (0.2% vs 0.3%) and food, alcohol and tobacco (2.4% vs 2.6%). On the other hand, inflation was steady for services (4.1%) and non-energy industrial goods (0.7%). Compared to the previous month, the CPI edged up 0.2%, the same as in May and also in line with preliminary estimates. Meanwhile, core consumer prices which exclude energy, food, alcohol and tobacco, rose 2.9% on the year, the same as in May. Among the bloc's largest economies, inflation slowed in Germany (2.5% vs 2.8%), France (2.5% vs 2.6%) and Spain (3.6% vs 3.8%) but edged higher in Italy (0.9% vs 0.8%).
2024-07-17
Euro Area Inflation Rate Slows to 2.5%
Annual inflation rate in the Euro Area eased to 2.5% in June 2024 after briefly accelerating to 2.6% in May, and matching market forecasts, preliminary estimates showed. Prices rose at a slower pace for food, alcohol and tobacco (2.5% vs 2.6%) and energy (0.2% vs 0.3%) while inflation was steady for non-energy industrial goods (at 0.7%) and services (at 4.1%). Compared to the previous month, the CPI rose 0.2%, the same as in May. Meanwhile, annual core inflation which excludes energy, food, alcohol & tobacco, unexpectedly remained unchanged at 2.9%, compared to forecasts of 2.8%. Among the largest economies, inflation eased in Germany (2.5% vs 2.8%), France (2.5% vs 2.6%), Spain (3.5% vs 3.8%) and Ireland (1.5% vs 2%), but rose in Italy (0.9% vs 0.8%) and the Netherlands (3.4% vs 2.7%).
2024-07-02
Euro Area Inflation Rate Accelerates to 2.6% as Expected
Annual inflation rate in the Euro Area increased to 2.6% in May 2024 from 2.4% in each of the previous two months, in line with the preliminary figures. Prices rebounded for energy (0.3% vs -0.6%) and rose faster for services (4.1% vs 3.7%) but slowed for food, alcohol and tobacco (2.6% vs 2.8%) and non-energy industrial goods (0.7% vs 0.9%). The largest upward contribution came from the services sector. Among the major economies, inflation accelerated in Germany (2.8%), France (2.6%) and Spain (3.8%) but eased slightly in Italy (0.8%). Meanwhile, the core rate which excludes prices for energy, food, alcohol and tobacco also increased to 2.9% from 2.7%. The ECB recently revised its inflation forecasts higher and no see headline inflation averaging 2.5% in 2024, 2.2% in 2025 and 1.9% in 2026.
2024-06-18
