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.

Belgium NBB Forecast: HICP: YoY: Food Inflation data was reported at 2.000 % in 2026. This records a decrease from the previous number of 3.000 % for 2025. Belgium NBB Forecast: HICP: YoY: Food Inflation data is updated yearly, averaging 2.650 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 12.000 % in 2023 and a record low of 0.900 % in 2021. Belgium NBB Forecast: HICP: YoY: Food Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

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…

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.

Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data was reported at 1.600 % in 2026. This records a decrease from the previous number of 1.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data is updated yearly, averaging 1.550 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 6.200 % in 2023 and a record low of 1.300 % in 2021. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

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.

Belgium NBB Forecast: HICP: YoY: Energy Inflation data was reported at -2.500 % in 2026. This records a decrease from the previous number of -0.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Energy Inflation data is updated yearly, averaging 4.050 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 57.900 % in 2022 and a record low of -30.800 % in 2023. Belgium NBB Forecast: HICP: YoY: Energy Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

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.

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.

Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam. For the U.S. and Japan national consumer price indices are used in the table.

Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam. For the U.S. and Japan national consumer price indices are used in the table. Copyright notice and free re-use of data on: https://ec.europa.eu/eurostat/about-us/policies/copyright

This table includes all price index numbers calculated according to the Harmonised consumer price index (HICP) for the Netherlands, the Euro area and the European Union (EU). In all member states of the EU, these indices are compiled in a similar manner to facilitate comparison between the various EU countries.

The table also includes the harmonised consumer price index for the Euro area. This index figure reflects the average price increase/decrease in the countries which have adopted the euro as their currency. The table also includes the European consumer price index, i.e. the harmonised consumer price index for the member states of the European Union.

HICP figures are published every month. In addition, an annual figure is published at the end of the year. The HICP of a calendar year is calculated as the average of the indices of the twelve months of that year.

Data available from: January 1996.

Status of the figures: The HICP results for the Netherlands in this table are in most cases final immediately upon publication. At that time, the results for the euro area are still based on the flash estimate and are characterized as provisional. A month later, these figures become final.

The results of the HICP are only marked as provisional if it is already known at the time of publication that data are still incomplete, a revision is expected in a later month, or in special circumstances such as the corona crisis.

In most cases, all requested price information is known to Statistics Netherlands when the results are published and no adjustment is made later. However, sometimes certain price information is not available in time and the outcome can be adjusted later. HICP results can then always be revised together with the CPI results, even if they were not published as provisional in the previous month. CPI results are marked as provisional when the index figures are first published, the figures are final the following month.

Changes compared with previous version: Data on the most recent period have been added and/or adjustments have been implemented.

When will new figures be published? New figures will usually be published between the first and second Thursday of the month following on the reporting month.

All CPI and HICP publications are announced on the publication calendar.

In 2022, the harmonized inflation rate in the Netherlands increased by 8.8 percentage points. Of the three Benelux countries, the Netherlands saw the highest inflation. In 2020, the harmonized inflation rate was 0.4 percent in Belgium. Inflation in Luxembourg was zero.

 HCIP forecast  

In the next three years, the harmonized inflation rate in the Netherlands was forecast to be between 1.4 and 2.6 percent annually. According to the European Commission forecast, the inflation rate would peak in 2019, before slightly decreasing again the next years.

Inflation in the Caribbean  

In the Caribbean part of the Kingdom of the Netherlands, inflation was considerably lower than on the European mainland. Although the inflation rate in Curaçao was 2.6 percent in 2018, in 2015 and 2016 inflation had been -0.5 and 0 percent respectively. In Sint Maarten, the inflation rate reached 0.1 percent in 2016. Finally, Aruba had negative inflation for two consecutive years in a row before increasing to 3.6 percent in 2018.

In March 2025, the inflation rate for restaurants, cafés, and similar services in the European Union was 4.1 percent. Over the period considered, restaurants and cafés in the EU recorded their lowest inflation rate in February 2021, at 1.7 percent.

Euro Area - HICP - monthly data (annual rate of change) was 2.30% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - HICP - monthly data (annual rate of change) - last updated from the EUROSTAT on July of 2025. Historically, Euro Area - HICP - monthly data (annual rate of change) reached a record high of 5.70% in March of 2023 and a record low of 0.20% in December of 2020.

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.

The monthly change in the Harmonized Index of Consumer Prices (HICP) in Finland fluctuated within a range of -1.1 and 1.16 percent from September 2022 to September 2024. As of September 2024, the HICP inflation rate was at 0.46 percent. The Harmonized Index of Consumer Prices (HICP) measures the changes in the prices of consumer goods and services acquired by households.

Harmonised Inflation Rate YoY in Italy increased to 1.80 percent in June from 1.70 percent in May of 2025. This dataset includes a chart with historical data for Italy Harmonised Inflation Rate YoY.

Harmonised Inflation Rate YoY in Belgium increased to 2.90 percent in June from 2.80 percent in May of 2025. This dataset includes a chart with historical data for Belgium Harmonised Inflation Rate YoY.

Montenegro HICP: Administrative Inflation data was reported at 100.000 Prev Mth=100 in Jun 2018. This records a decrease from the previous number of 100.052 Prev Mth=100 for May 2018. Montenegro HICP: Administrative Inflation data is updated monthly, averaging 100.000 Prev Mth=100 from Feb 2010 (Median) to Jun 2018, with 101 observations. The data reached an all-time high of 105.184 Prev Mth=100 in Jan 2012 and a record low of 97.439 Prev Mth=100 in Apr 2011. Montenegro HICP: Administrative Inflation data remains active status in CEIC and is reported by Statistical Office of Montenegro. The data is categorized under Global Database’s Montenegro – Table ME.I001: Harmonized Index of Consumer Price: Previous Month=100.