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.

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

In December 2024, the inflation rate for food in the European Union (EU) reached 2.4 percent compared to the same month the year prior. Starting in the beginning of 2022, food prices started to rise rapidly. In March 2023, the food inflation rate in the EU reached its peak at 19.19 percent. Since April 2023, the rate started to decrease. Food inflation in Europe One of the main drivers of the increase in consumer prices was the rapid rise in energy prices. In the energy sector, the harmonized index of consumer prices inflation of the EU, a concept to measure and compare inflation internationally, was at 41.1 percent in June 2022, whereas the other categories were all below 10 percent. In Germany, the year-on-year consumer price index development for food and beverages was at 12.33 percent in the year 2023, just a slight dip from the all-time high of 12.51 percent in 2022. By 2024, this had dropped to 1.92 percent. There are a number of ways in which European consumers are trying to save on food costs due to rising prices. The most popular way to deal with the rising food prices is to reduce at-home food waste. An average of about half of consumers in selected European countries stated that this is how they responded to the price increases. Other popular ways were to buy only the essentials or to purchase mostly store brands. Food inflation worldwide In 2022, Europe and Central Asia were the regions with the highest food inflation rates worldwide. The rate of food inflation in those regions was about 18 percent in 2022, which is more than twice as high as it was in the previous year. In Latin America and the Caribbean, the food inflation rate rose from 5.4 to 11.9 percent during the same period. When categorized by income classification, low-income countries have significantly higher food price inflation, as compared to lower-middle-, upper-middle-, and high-income countries. On average, low-income countries had a food price inflation rate of about 30 percent in 2023. The world average rate was at 6.5 percent. Zimbabwe was the country with the highest level of real food inflation worldwide. The southern African country experienced a food inflation of approximately 46 percent in 2024. This was more than two times as high as in any other country in the world.

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.

The inflation rate for food and non-alcoholic beverages in the European Union reached a peak of **** percent in November 2022, after which it has fallen significantly to *** percent in January 2025.

Online inflation of food products followed the trend of physical stores and showed a significant peak in 2021. In Europe, online food prices went up by **** percent that year, before decreasing to a **** year-over-year percentage change in 2023. By 2025, online prices of food products might increase by *** percent in the European region.

Graph and download economic data for Harmonized Index of Consumer Prices: Food for Euro Area (19 Countries) (CP0110EZ19M086NEST) from Dec 1999 to Jun 2025 about harmonized, Euro Area, Europe, food, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food and Non-Energy for the OECD Europe (DISCONTINUED) (CPGRLE01OEM659N) from Jan 1971 to Oct 2017 about OECD Europe, core, Europe, all items, CPI, inflation, price index, indexes, and price.

The highest food inflation rate among Central and Eastern European countries was recorded in Poland and Romania at ** percent.

Graph and download economic data for Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (20 Countries) (TOTNRGFOODEA20MI15XM) from Dec 2000 to Jun 2025 about tobacco, alcohol, core, Euro Area, World, Europe, inflation, and indexes.

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.

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.

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) (EA19CPHPLA01GYM) from Jan 1997 to Jan 2023 about tobacco, alcohol, core, Euro Area, Europe, all items, and inflation.

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.

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.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food and Non-Energy for the OECD Europe (DISCONTINUED) (CPGRLE01OEQ657N) from Q2 1970 to Q3 2017 about OECD Europe, core, Europe, all items, CPI, inflation, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total (OECDCPGRLE01GPQ) from Q2 1970 to Q3 2023 about OECD Europe, core, Europe, all items, CPI, inflation, price index, indexes, and price.

The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

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.

The core inflation differential vis-à-vis the euro zone is an annual data indicator measuring the HICP annual average rate of change of the TOT_X_NRG_FOOD (all-items excluding energy, food, alcohol and tobacco) aggregate of the EU member states in comparison to the euro area. It is calculated in percentage points by subtracting the euro area annual average TOT_X_NRG_FOOD rate of change from the one of the respective member state. It is also measured for the European fixed country composition aggregates – EU27 and EA20 – being by definition equal to 0.0 for the latter.The data source is the HICP annual dataset (prc_hicp_aind).