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. 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.