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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-05-17 09:00 AM Inflation Rate YoY Final Apr 2.4% 2.4% 2.4% 2.4%
2024-05-31 09:00 AM Inflation Rate YoY Flash May 2.6% 2.4% 2.5% 2.5%
2024-06-18 09:00 AM Inflation Rate YoY Final May 2.4% 2.6% 2.6%

Components Last Previous Unit Reference
Energy Inflation 0.30 -0.60 percent May 2024
Services Inflation 4.10 3.70 percent May 2024

Related Last Previous Unit Reference
CPI 126.32 126.04 points May 2024
Core Consumer Prices 119.47 118.95 points May 2024
Core Inflation Rate YoY 2.90 2.70 percent May 2024
CPI Housing Utilities 131.05 131.42 points Apr 2024
CPI Transportation 128.75 127.57 points Apr 2024
Energy Prices 150.76 150.35 points Apr 2024
Food Inflation 2.20 2.00 percent Apr 2024
GDP Deflator 123.76 122.06 points Dec 2023
Import Prices 110.50 110.60 points Jan 2024
Consumer Inflation Expectations 3.00 3.10 percent Mar 2024
Inflation Rate YoY 2.60 2.40 percent May 2024
Inflation Rate MoM 0.20 0.60 percent May 2024
Producer Prices 124.50 125.00 points Mar 2024
PPI YoY -7.80 -8.50 percent Mar 2024

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
2.60 2.40 10.60 -0.60 1991 - 2024 percent Monthly


News Stream
Euro Area Inflation Rate Rises More than Expected
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%).
2024-05-31
Euro Area Inflation Rate Confirmed at 2.4%
Annual inflation rate in the Euro Area was confirmed at 2.4% in April of 2024, the same as in March, and holding at levels not seen in nearly three years. A year earlier, inflation rate was much higher at 7%. A slowdown was recorded in cost of services (3.7% vs 4%) and non-energy industrial goods (0.9% vs 1.1%) while prices for energy continued to decline (-0.6% vs -1.8%). On the other hand, prices of food, alcohol and tobacco rose slightly more (2.8% vs 2.6%). Meanwhile, the core rate which excludes energy, food, alcohol & tobacco, fell for a 9th straight month to 2.7%, the lowest level since February 2022. Compared to the previous month, the CPI in the Eurozone rose 0.6%, after a 0.8% increase in March. In its Spring 2024 Economic Forecast, the European Commission said the inflation is set to fall faster than previously expected and hit 2.1% in 2025.
2024-05-17
Eurozone Inflation Rate Steady at 2.4% in April
The annual inflation rate in the Euro Area remained at 2.4 percent in April 2024, in line with market expectations, preliminary estimates showed. Inflation slowed for non-energy industrial goods (0.9 percent vs 1.1 percent in March) and services (3.7 percent vs 4 percent). On the other hand, prices rose faster for food, alcohol, and tobacco inflation (2.8 percent vs 2.6 percent). Meanwhile, energy prices decreased at a slower pace (-0.6 percent vs -1.8 percent). On a monthly basis, consumer prices rose by 0.4 percent in April. The core inflation rate, a crucial underlying measure that filters out volatile food and energy prices cooled to 2.7 percent, down from March's 2.9 percent.
2024-04-30