Euro Area Inflation Rate

Last Release

Jun 30, 2024

Actual

2.5

Units In

2.6

Frequency

Monthly

Next Release

Jul 31, 2024

Time to Release

13 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
10.6 Oct 2022	-0.6 Jul 2009	2.25 %	1991-2024	Eurostat

In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.

Latest Updates

Annual inflation rate in the Euro Area was confirmed at 2.5% in June 2024, lower than 2.6% in May and 5.5% a year earlier. Prices eased for energy (0.2% vs 0.3%) and food, alcohol and tobacco (2.4% vs 2.6%). On the other hand, inflation was steady for services (4.1%) and non-energy industrial goods (0.7%). Compared to the previous month, the CPI edged up 0.2%, the same as in May and also in line with preliminary estimates. Meanwhile, core consumer prices which exclude energy, food, alcohol and tobacco, rose 2.9% on the year, the same as in May. Among the bloc's largest economies, inflation slowed in Germany (2.5% vs 2.8%), France (2.5% vs 2.6%) and Spain (3.6% vs 3.8%) but edged higher in Italy (0.9% vs 0.8%).