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. source: EUROSTAT

Inflation Rate In the Euro Area remained unchanged at 2.40 percent in April. Inflation Rate in Euro Area averaged 2.22 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 May of 2024.

Inflation Rate In the Euro Area remained unchanged at 2.40 percent in April. 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
2024-04-17 09:00 AM Inflation Rate YoY Final Mar 2.4% 2.6% 2.4% 2.4%
2024-04-30 09:00 AM Inflation Rate YoY Flash Apr 2.4% 2.4% 2.4% 2.4%
2024-05-17 09:00 AM Inflation Rate YoY Final Apr 2.4% 2.4% 2.4%

Components Last Previous Unit Reference
Energy Inflation -0.60 -1.80 percent Apr 2024
Services Inflation 3.70 4.00 percent Apr 2024

Related Last Previous Unit Reference
CPI 126.10 125.31 points Apr 2024
Core Consumer Prices 118.12 116.83 points Mar 2024
Core Inflation Rate YoY 2.70 2.90 percent Apr 2024
CPI Housing Utilities 131.49 131.71 points Mar 2024
CPI Transportation 127.59 126.64 points Mar 2024
Energy Prices 150.40 150.80 points Mar 2024
Food Inflation 2.00 3.30 percent Mar 2024
GDP Deflator 123.74 122.04 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 2.40 2.40 percent Apr 2024
Inflation Rate MoM 0.60 0.80 percent Apr 2024
Producer Prices 125.20 126.50 points Feb 2024
PPI YoY -8.30 -8.00 percent Feb 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
2.40 2.40 10.60 -0.60 1991 - 2024 percent Monthly


News Stream
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
Eurozone March Inflation Rate Confirmed at 2.4%
The consumer price inflation rate in the Euro Area was confirmed at 2.4% year-on-year in March 2024, matching November's 28-month low and slightly exceeding the European Central Bank's target of 2%. The pace of price increases moderated for both food, alcohol & tobacco (2.6% vs 3.9% in February) and non-energy industrial goods (1.1% vs 1.6%), while energy prices declined at a softer rate (-1.8% vs -3.7%). Meanwhile, services inflation held steady at 4.0%. The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022. On a monthly basis, consumer prices advanced by 0.8% in March, following a 0.6% increase in February.
2024-04-17
Eurozone Inflation Rate Unexpectedly Slows in March
The consumer price inflation rate in the Euro Area declined to 2.4% year-on-year in March 2024, matching November's 28-month low and falling short of market expectations of 2.6%, a preliminary estimate showed. The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022 and below forecasts of 3.0%. Energy prices saw a decline of 1.8% (vs -3.7% in February), while the pace of price rises moderated for food, alcohol & tobacco (2.7% vs 3.9%), and non-energy industrial goods (1.1% vs 1.6%). On the other hand, services inflation held steady at 4.0%. On a monthly basis, consumer prices increased by 0.8% in March, following a 0.6% rise in February.
2024-04-03