Inflation Rate In the Euro Area increased to 2 percent in June from 1.90 percent in May 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.

Inflation Rate in European Union increased to 2.30 percent in June from 2.20 percent in May of 2025. This dataset provides the latest reported value for - European Union 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 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.

Core consumer prices In the Euro Area increased 2.30 percent in June 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 Consumer Price Index in European Union increased 0.30 percent in June of 2025 over the previous month. This dataset provides the latest reported value for - European Union Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation, monthly percent change in the CPI in Euro area, June, 2025 The most recent value is 0.31 percent as of June 2025, an increase compared to the previous value of -0.05 percent. Historically, the average for Euro area from February 1996 to June 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

This data package includes the underlying data files to replicate the data and charts presented in The Inflation Surge in Europe by Patrick Honohan, PIIE Policy Brief 24-2.

If you use the data, please cite as: Honohan, Patrick. 2024. The Inflation Surge in Europe. PIIE Policy Brief 24-2. Washington, DC: Peterson Institute for International Economics.

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 .

Cost of food In the Euro Area increased 2.90 percent in June 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.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

The Eurozone's money supply has experienced significant growth over the past two decades, with the M2 measure reaching approximately 15.6 trillion euros by the end of 2024. This substantial increase from 4.6 trillion euros in 2001 reflects the expanding monetary base in the euro area. However, 2023 marked a notable deviation from this trend, as it was the first year in the observed period where the money supply in the euro area decreased. Components of money supply M2 is a broader measure of money supply that includes cash, checking deposits, and convertible near money. It encompasses the more narrow M1 measure, which consists of the most liquid components, such as currency in circulation and overnight deposits. As of December 2024, the Eurozone's M1 money supply stood at 10.57 trillion euros, while M2 reached 15.6 trillion euros. These figures are used by central banks to forecast inflation and interest rates, playing a crucial role in shaping monetary policy. Comparison with other regions While the Eurozone has seen steady growth in its money supply, other major economies have experienced their own unique trajectories. In the United States, for instance, the M2 money supply reached 20.86 trillion U.S. dollars in 2023, showing a slight decrease from the previous year. Both the Eurozone and the U.S. saw exceptional increases in their money supply during 2020, largely due to quantitative easing measures implemented in response to the COVID-19 pandemic. This global economic event had a profound impact on monetary policies across different regions, influencing the money supply dynamics worldwide.

Inflation Rate in Germany decreased to 2 percent in June from 2.10 percent in May of 2025. This dataset provides the latest reported value for - Germany Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

Inflation Rate in Poland increased to 4.10 percent in June from 4 percent in May of 2025. This dataset provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time. Figures were different later in the year, however, with a rate of 1.17 USD recorded at the end of July 22, 2025. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of end of the year.EstablishmentThe euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita.Euro to USDBetween 2001 and 2008, the average annual exchange rate of the euro to the U.S. dollar noted a steep increase. In 2008, the euro to U.S. dollar annual average exchange rate was equal to 1.47, which meant that one euro could buy 1.47 U.S. dollars. By 2019, this value had decreased overall, to a value of 1.12 which meant that one euro could buy 1.12 U.S. dollars. Similar dynamics in the euro to U.S. dollar exchange rate were also reflected in the monthly exchange rate recently.

Producer Prices In the Euro Area increased 0.30 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.

Lettland nach der Umstellung auf den Euro. Themen: Schwierigkeiten beim Umgang mit Euro-Münzen und -Banknoten; zum Überschlagen und Rechnen verwendete Währung bei normalen oder besonderen Einkäufen; Schwierigkeiten bei der Umrechnung lettischer Lats in Euro sowie beim Verstehen des Wertes in Euro; Einschätzung der doppelten Preisangaben als nützlich und korrekt; Kauf eines Euro-Starterkit vor Januar 2014 sowie Gründe, aus denen keins gekauft wurde; geplante Verwendung des Starterkit; Probleme und Art der Probleme beim Umtausch oder Abheben von Euro-Bargeld in der ersten Januarwoche 2014; Einschätzung der Umstellung auf den Euro als reibungslos und effizient; Nennung einiger Sicherheitsmerkmale von Euro-Banknoten; Einschätzung der Häufigkeit falscher Umrechnungen und Rundungen von Preisen; erwartete Auswirkungen des Euro: Unterstützung der Preisstabilität oder Zunahme der Inflation in Lettland; genutzte Informationsquelle über die Euro-Einführung; hilfreichste Informationsquelle während des Umstellungszeitraums; Selbsteinschätzung der Informiertheit über den Euro; Wunsch nach mehr Information zu ausgewählten Aspekten des Euro; Zufriedenheit mit den Informationen zum Euro durch die nationalen Behörden; Rezeption von Fernsehspots oder Anzeigen in lettischen Zeitungen oder Zeitschriften über den Euro sowie Einschätzung ihrer Nützlichkeit; Besitz eines Euro-Umrechners sowie Einschätzung seiner Nützlichkeit. Demographie: Alter; Geschlecht; Staatsangehörigkeit; Alter bei Beendigung der Ausbildung; Hochschulabschluss; berufliche Stellung; Region; Urbanisierungsgrad; Besitz eines Mobiltelefons; Festnetztelefon im Haushalt; Anzahl der Personen ab 15 Jahren im Haushalt (Haushaltsgröße). Zusätzlich verkodet wurde: Interviewmodus (Mobiltelefon oder Festnetz); Gewichtungsfaktor. Latvia after the changeover to the euro. Topics: difficulties handling euro coins and banknotes; currency used for counting or calculating when doing common or exceptional purchases; difficulties converting Latvian lats to euro and understanding the value in euro; assessment of dual price displays as useful and correct; purchase of a euro coins starter kit before January 2014 and reasons for not having purchased one; intended use of the starter kit; problems and kind of problems encountered when exchanging or withdrawing euro cash in the first week of January 2014; assessment of the changeover to the euro as smoothly and efficiently; naming of security features of euro banknotes; assessment of the frequency of incorrect price conversions or rounding of prices; expected impact of the euro: will help to maintain price stability or will increase inflation in Latvia; used source of information about the introduction of the euro; most efficient source of information during the changeover period; self-rated knowledge about the euro; desire for more information on selected issues about the euro; satisfaction with the information about the euro provided by the national authorities; reception of TV spots or advertisements in Latvian newspapers or magazines about the euro and assessment of their usefulness; possession of a euro calculator and assessment of its usefulness. Demography: age; sex; nationality; age at end of education; graduated from university; professional position; region; type of community; own a mobile phone and fixed (landline) phone; household composition and household size. Additionally coded was: type of phone line; weighting factor. Telephone interview: CATI Nationale Bevölkerung sowie die Bürger aller Mitgliedsstaaten der Europäischen Union, die in Lettland wohnhaft sind, im Alter von 15 Jahren und älter, und über zum Ausfüllen des Fragebogens ausreichende Kenntnis der Landessprache verfügen

Wages In the Euro Area increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The EUR/USD exchange rate fell to 1.1735 on July 24, 2025, down 0.33% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.44%, and is up by 8.14% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.