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 inflation rate in the European Union was 2.4 percent in April 2025, a significant decline from the high-point reached in October 2022 of 11.5 percent, the highest rate of inflation recorded in the provided time period. Before 2021, the inflation rate in the EU peaked at 4.4 percent in July 2008 and was lowest in January 2015, when prices were shrinking by 0.5 percent. Currently, Romania has the highest inflation rate among EU member states at 4.9 percent, while France has the lowest inflation rate, at 0.9 percent.

Inflation Rate In the Euro Area remained unchanged at 2 percent in July. 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.

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.

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 European Union increased 2.50 percent in June of 2025 over the same month in the previous year. This dataset provides - European Union Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In December 2024, energy prices increased by approximately 0.7 percent in the European Union, when compared with a year earlier, according to the harmonized index of consumer prices index. This represents a change compared to the dramatic deflation of energy prices experienced between September 2023 and April 2024. During December 2024, the inflation rate for food prices was three percent, while in non-energy industrial goods, costs were estimated to have gone up by 0.7 percent. For services, prices in December 2024 have increased by 4.2 percent compared to the previous year.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Inflation, consumer prices for the European Union (FPCPITOTLZGEUU) from 1960 to 2024 about consumer prices, EU, Europe, consumer, and inflation.

Cost of food in European Union increased 3.60 percent in June of 2025 over the same month in the previous year. This dataset provides - European Union Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar 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.

The average for 2023 based on 27 countries was 7.1 percent. The highest value was in Hungary: 17.1 percent and the lowest value was in Denmark: 3.3 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The dataset contains the average annual inflation rates based on the Harmonised Index of Consumer Prices (HICP) in the European Union. The HICP gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time…

In March 2025, holiday centers, camping sites, and similar accommodation establishments reported the sharpest inflation rate among the selected travel and tourism services in the European Union, with the harmonized index of consumer prices (HICP) rising by 6.1 percent over the previous year. Meanwhile, passenger transport by underground and tram also recorded a high inflation rate in March 2025, with the HICP increasing by 4.8 percent compared to March 2024.

Core consumer prices In the Euro Area increased 2.30 percent in July 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.

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.

Key information about EU Consumer Price Index CPI growth

• EU Consumer Price Index (CPI) growth was measured at 2.7 % YoY in Feb 2025, compared with a rate of 2.8 % in the previous month.
• EU Consumer Price Index growth data is updated monthly, available from Jan 1997 to Feb 2025, with an averaged number of 2.4 % YoY.
• The data reached an all-time high of 11.5 % YoY in Oct 2022 and a record low of -0.6 % YoY in Jan 2015.

CEIC calculates Consumer Price Index Growth from monthly Harmonized Index of Consumer Prices. Eurostat provides Harmonized Index of Consumer Prices with base 2015=100. Consumer Price Index Growth prior to December 2000 is calculated from Consumer Price Index with base 2005=100 that includes United Kingdom. European Union stands for EU27 excluding UK. [COVID-19-IMPACT]

Graph and download economic data for Consumer Price Index: Harmonized Prices: Total All Items Less Food, Energy, Tobacco, and Alcohol for the European Union (CPHPLA01EUM661N) from Dec 2000 to Jan 2020 about tobacco, alcohol, EU, core, harmonized, Europe, all items, CPI, inflation, price index, indexes, and price.

Following the easing of restrictions related to the coronavirus pandemic in 2022, inflation rates in many economic sectors in Europe spiked, with the food and non-alcoholic beverages and transport sectors being particularly affected. Additionally, Russia's invasion of Ukraine in February 2022 and the subsequent energy crisis caused a spike in the housing, water, electricity, gas, and other fuels sector, with the inflation rate in these products reaching 23.2 percent in October 2022. All economic sectors have experienced a significant disinflation during 2023 onwards, as higher interest rates set by the European Central Bank dampen economic activity and slowed prices increase.