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.

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.

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.

The statistic lists the 20 countries with the lowest inflation rate in 2023. In 2023, China ranked 5th with a inflation rate of about 0.23 percent compared to the previous year. Inflation rates and the financial crisis Due to relatively stagnant worker wages as well as a hesitation from banks to so easily distribute loans to the ordinary citizen, inflation has remained considerably low. Low inflation rates are most apparent in European countries, which stems from the on-going Eurozone debt crisis as well as from the global financial crisis of 2008. With continuous economical struggles and a currently sensitive economic situation throughout Europe, precautions were taken in order to maintain stability and to prevent consequential breakdowns, such as those in Greece and Spain. Additionally, the average European consumer had to endure financial setbacks, causing doubt in the general future of the entire European Union, as evident in the consumer confidence statistics, which in turn raised the question, if several handpicked countries should step out of the EU in order to improve its economic position. Greece, while perhaps experiencing the largest economic drought out of all European countries, improved on its inflation rate. The situation within the country is slowly improving itself as a result of a recent bailout as well as economic stimulus packages issued by the European Union. Furthermore, the Greek government managed its revenues and expenses more competently in comparison to the prime of the global and the Greek financial crisis, with annual expenses only slightly exceeding yearly revenues.

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.

Since 2021, the large economies of Western Europe have been experiencing a surge in inflation, with inflation reaching as high as 11.84 percent in Italy during October 2022. During 2023 the rate of inflation in all these economies has fallen significantly, reaching as low as 0.67 percent in Italy and 3.17 percent in Germany. This inflationary episode is understood by economists to have been caused by several factors, notably the supply chain issues during the COVID-19 pandemic, pent-up consumer demand which was released after lockdowns ended, as well as policies of monetary and fiscal stimulus during the pandemic aimed at boosting economic activity.

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.

********** had the lowest inflation rate among Central and Eastern European countries at the end of 2024. The highest annual inflation rate was recorded in Romania, with a *** percent increase in prices.

Of the major developed and emerging economies, China had the lowest inflation rate at *** percent in December 2024. On the other end of the spectrum, the inflation rate in Russia stood at nearly ** percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

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.

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.

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.

The average for 2024 based on 41 countries was 4.2 percent. The highest value was in Turkey: 58.5 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.

The average for 2025 based on 43 countries was 3.67 percent. The highest value was in Turkey: 31.04 percent and the lowest value was in Switzerland: 0.24 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

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 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 inflation rate for all items in Finland reached 1.6 percent in December 2024. Finland had one of the lowest inflation rates in the European Union (EU) as of October 2024.

The statistic shows the inflation rate in the Netherlands from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the average inflation rate in the Netherlands was about 3.22 percent compared to the previous year. Economy of the Netherlands The Netherlands has an open economy, which implies that the country is highly dependent on foreign activities, such as imports and exports. The country’s economic policies and regulations have allowed for the country to highly benefit from strong international relations, however have increased the chances of economic struggles that correspond with the economic situations in other countries as well. The Netherlands is one of the main countries for foreign direct investments in Europe due to its strategic location, superior technological infrastructure as well as international business environment, a reputation that has all but grown more formidable over the years. Additionally, the country’s tourism industry makes up a rather large part of its GDP. Despite feeling the effects of the global financial crisis of 2008 as well as the Eurozone crisis, many aspects of the Dutch economy are highly prosperous, most notably with its low inflation rates. Unemployment within the country, in spite of a slight increase over the past several years, has remained relatively low in comparison many other European countries that were equally as affected by recession.

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.