Inflation Rate in European Union remained unchanged at 2.40 percent in August. 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.

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.

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 August. 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.

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.

View monthly updates and historical trends for European Union Inflation Rate. Source: Eurostat. Track economic data with YCharts analytics.

Core consumer prices in European Union increased 2.50 percent in August 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.

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…

The Harmonised Index of Consumer Prices (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 of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPIs) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and Recommendations.

In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro.

The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three country groups: the euro area (EA), the European Union (EU), and the European Economic Area (EEA), the latter covering Iceland and Norway, in addition to the EU. Liechtenstein does not produce HICP and is therefore not included in the EEA HICP aggregate.

The official indices for the country-groups reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group indices with stable country composition over time.

HICP for Albania, Montenegro, North Macedonia, Serbia, Türkiye (candidate countries), as well as Kosovo (^*) are also published. Their data is flagged with 'd' ('definition differs'), given that its conformity with the methodological HICP requirements has not been evaluated by Eurostat.

A proxy-HICP for the all-items index and main headings is also available for the USA.

National HICPs are produced by National Statistical Institutes (NSIs), while country-group indices (EU, EA and EEA) are produced by Eurostat.

The data are released monthly in Eurostat's database and include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline 'all-items HICP', over 400 sub-indices for different goods and services and over 30 special aggregates are available, including the HICP at administered prices (HICP-AP).

Every year, with the release of the January data, the relative weights for the indices and the special aggregates (item weights) as well as the individual countries' weight within the country groups (country weights) are published.

The composition of the HICP for administered prices (HICP-AP), i.e. which sub-indices are classified as mainly or fully administered by each Member State, is updated at the same time (more information on HICP-AP can be found under the Specific topics on the web page: Information on data - Harmonised Indices of Consumer Prices (HICP) - Eurostat (europa.eu) (#HICP - administered prices).

Eurostat publishes early estimates, called 'flash estimate', of the euro area overall inflation rate and selected components. These are published monthly, usually on the last working day of the reference month.

The HICP at constant tax rates (HICP-CT) is also published every month and follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as value-added tax (VAT) and excise duties, on the overall inflation (more information can be found in the 'HICP-CT Reference methodology document').

Flags

Flags used in the Eurostat online database provide information about the status of the data or a specific data value. The list of used flags can be found in the web page Database - Eurostat (europa.eu), above the tree, through the 'i' box 'information on the database' and then 'Flags and special values' topic.

(*) Under United Nations Security Council Resolution 1244/99.

Inflation is characterized by a steady rise in the aggregate level of prices in an economy - put into simpler words, it is the rise in all prices in the economy, rather than just in specific prices for goods or services (such as when there is a shortage in a particular good). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In April 2025, the inflation rate in Türkiye (previously known as Turkey) was 37.9 percent compared to the same month of the previous year, making it one of the countries in the world with the highest inflation rate.

Cost of food in European Union increased 3.90 percent in August 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.

View monthly updates and historical trends for European Union Inflation Rate: Industrial Goods. Source: Eurostat. Track economic data with YCharts analyti…

View monthly updates and historical trends for European Union Inflation Rate: Hotels and Restaurants. Source: Eurostat. Track economic data with YCharts a…

The inflation rate for all items in the European Union was 2.7 percent in December 2024 compared to the same month in the previous year. This was particularly driven by rising prices in the alcoholic beverages, tobacco, and narcotics category which had an annual inflation rate of 5.6 percent, as well as rising costs in the restaurants and hotels category, which had an inflation rate of fve percent.

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

Historical dataset showing European Union inflation rate by year from 1960 to 2023.

Core consumer prices In the Euro Area increased 2.30 percent in August 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 average for 2024 based on 27 countries was 2.5 percent. The highest value was in Romania: 5.7 percent and the lowest value was in Lithuania: 0.7 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.