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Euro Area Inflation Rate

Last Release
Mar 31, 2024
Actual
2.4
Units In
%
Previous
2.6
Frequency
Monthly
Next Release
Apr 30, 2024
Time to Release
12 Days 22 Hours
Highest
Lowest
Average
Date Range
Source
10.6
Oct 2022
-0.6
Jul 2009
2.25 %1991-2024Eurostat
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

The consumer price inflation rate in the Euro Area was confirmed at 2.4% year-on-year in March 2024, matching November's 28-month low and slightly exceeding the European Central Bank's target of 2%. The pace of price increases moderated for both food, alcohol & tobacco (2.6% vs 3.9% in February) and non-energy industrial goods (1.1% vs 1.6%), while energy prices declined at a softer rate (-1.8% vs -3.7%). Meanwhile, services inflation held steady at 4.0%. The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022. On a monthly basis, consumer prices advanced by 0.8% in March, following a 0.6% increase in February.

Euro Area Inflation Rate History

Last 12 readings

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