Inflation Rate In the Euro Area decreased to 1.90 percent in May from 2.20 percent in April of 2025. This dataset 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.

Core consumer prices In the Euro Area increased 2.30 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the inflation rate in the Euro area from December 2022 to December 2024. The term inflation means the devaluation of money caused by a permanent increase of the price level for products (consumer goods, investment goods). The Consumer Price Index shows the price development for private expenses and shows the current level of inflation when increasing. In December 2024, the inflation rate in the Euro area reached 2.4 percent compared to the same month of the previous year.

Euro Area inflation rate for 2023 was 5.78%, a 2.69% decline from 2022.

<ul style='margin-top:20px;'>

<li>Euro Area inflation rate for 2022 was <strong>8.47%</strong>, a <strong>5.98% increase</strong> from 2021.</li>
<li>Euro Area inflation rate for 2021 was <strong>2.49%</strong>, a <strong>2.3% increase</strong> from 2020.</li>
<li>Euro Area inflation rate for 2020 was <strong>0.19%</strong>, a <strong>1.25% decline</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The statistic shows the inflation rate in the European Union and the Euro area from 2019 to 2022, with projections up until 2029. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In 2022, the inflation rate in the EU was about 9.32 percent compared to the previous year. The economic situation in the European Union and the euro area The ongoing Eurozone crisis, which initially emerged in 2009, has dramatically affected most countries in the European Union. The crisis primarily prevented many countries from refinancing their debt without help from a third party and slowed economic growth throughout the entire EU. As a result, general gross debt escalated annually in the euro area and more prominently in the EU. The collective sum of debt is most likely going to continue, given the current global economic situation as well as Europe’s recovering, however struggling economy. Struggles are primarily evident in the EU’s budget balance, which saw itself in the negative every year over the same timeframe as the eurozone crisis, although the balances improved on a yearly basis. Despite economical struggles, the EU still grew in population almost every year over the past decade, primarily due to a high standard of living and job opportunities, compared to many of its surrounding neighbors.

The Consumer Price Index In the Euro Area decreased 0 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Euro Area Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Euro area was 2.18 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.32 percent. Compared to a year ago, we see a decrease from the...

Energy Inflation In the Euro Area remained unchanged at -3.60 percent in May. This dataset includes a chart with historical data for Euro Area Energy Inflation.

Inflation, monthly percent change in the CPI in Euro area, May, 2025 The most recent value is -0.03 percent as of May 2025, a decline compared to the previous value of 0.57 percent. Historically, the average for Euro area from February 1996 to May 2025 is 0.17 percent. The minimum of -1.54 percent was recorded in January 2015, while the maximum of 2.43 percent was reached in March 2022. | TheGlobalEconomy.com

According to projections by staff of the Eurosystem - the group of central banks of countries which use the Euro as their currency - the annual inflation rate of the Eurozone is set to decline sharply, halving from 5.4 percent in 2023 to 2.1 percent in 2025, with more gradual declines in 2026 and 2027. This decline in the rate of increase of the price level in the Eurozone is being driven by comparatively low inflation in energy prices, which stands in sharp contrast to the situation of the EU in 2022, when the price of energy skyrocketed due to the sanctions placed on Russia in the aftermath of the invasion of Ukraine. Food price inflation - which was a key driver of inflation in 2023, standing at over 10 percent - is also contributing to the drop in the inflation rate, as a sharp fall to 3.0 percent is forecast for 2025.

Graph and download economic data for Harmonized Index of Consumer Prices: All-Items HICP for Euro Area (19 Countries) (CP0000EZ19M086NEST) from Jan 1996 to Apr 2025 about harmonized, Euro Area, Europe, all items, CPI, price index, indexes, and price.

Cost of food In the Euro Area increased 2.70 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core Inflation Rate MoM In the Euro Area decreased to 0 percent in May from 1 percent in April of 2025. This dataset includes a chart with historical data for Euro Area Core Inflation Rate MoM.

Euro area: Inflation: percent change in the Consumer Price Index: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.0 percent, based on data from countries. Historically, the average for Euro area from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Graph and download economic data for Consumer Price Index: Harmonised Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for the Euro Area (19 Countries) (CPHPLA01EZA661N) from 1996 to 2022 about tobacco, alcohol, core, harmonized, Euro Area, Europe, all items, CPI, inflation, price index, indexes, and price.

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2025. Economic forecasts predict that the HICP inflation rate will range between 2.2 percent and 2 percent over the year. This sustained decrease follows a downward trend that began in 2024 when inflation settled at .2.4 percent.

Inflation Expectations In the Euro Area increased to 3.10 percent in April from 2.90 percent in March of 2025. This dataset includes a chart with historical data for Euro Area Inflation Expectations.

In November 2024, the core inflation rate (which excludes price changes in food and energy) for the European Union and Euro Area (Eurozone) was 2.9 percent. During the provided time period, the core inflation rate for both areas was at its lowest between September and December 2020, and highest in between January 2022 and February 2023.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.

European Union inflation rate for 2023 was 6.30%, a 2.53% decline from 2022.

<ul style='margin-top:20px;'>

<li>European Union inflation rate for 2022 was <strong>8.83%</strong>, a <strong>6.28% increase</strong> from 2021.</li>
<li>European Union inflation rate for 2021 was <strong>2.55%</strong>, a <strong>2.08% increase</strong> from 2020.</li>
<li>European Union inflation rate for 2020 was <strong>0.48%</strong>, a <strong>1.15% decline</strong> from 2019.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.