Annual inflation rate in the Euro Area rose for the first time in five months to 2.6% in May 2024 from 2.4% in each of the previous two months, and above forecasts of 2.5%, preliminary estimates showed. Prices rebounded for energy (0.3% vs -0.6%) and rose faster for services (4.1% vs 3.7%) but sowed for food, alcohol and tobacco (2.6% vs 2.8%) and non-energy industrial goods (0.8% vs 0.9%). The core rate which excludes prices for energy, food, alcohol and tobacco also increased to 2.9% from 2.7%, higher than expectations of 2.8%. Among the major economies, inflation accelerated more than anticipated in Germany (2.8%), France (2.7%), Spain (3.8%) and Italy (0.8%). source: EUROSTAT
Inflation Rate In the Euro Area increased to 2.60 percent in May from 2.40 percent in April 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 June of 2024.
Inflation Rate In the Euro Area increased to 2.60 percent in May from 2.40 percent in April of 2024. Inflation Rate in Euro Area is expected to be 2.40 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.