Core consumer prices in the Euro Area which exclude energy, food, alcohol & tobacco increased 0.90 percent year-on-year in May of 2021, slightly above market forecasts of 0.8 percent, preliminary estimates showed. source: EUROSTAT

Core Inflation Rate in the Euro Area averaged 1.36 percent from 1997 until 2021, reaching an all time high of 2.60 percent in March of 2002 and a record low of 0.20 percent in September of 2020. This page 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. Euro Area Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Core Inflation Rate in Euro Area is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Euro Area to stand at 1.30 in 12 months time. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Euro Area Core Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.70 2.60 0.20 1997 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-16 09:00 AM Core Inflation Rate YoY Final Mar 0.9% 1.1% 0.9% 0.9%
2021-04-30 09:00 AM Core Inflation Rate YoY Flash Apr 0.8% 0.9% 0.8% 1.0%
2021-05-19 09:00 AM Core Inflation Rate YoY Final Apr 0.7% 0.9% 0.8% 0.8%
2021-06-01 09:00 AM Core Inflation Rate YoY Flash May 0.9% 0.7% 0.8% 0.9%
2021-06-17 09:00 AM Core Inflation Rate YoY Final May 0.7% 0.9% 0.9%
2021-06-30 09:00 AM Core Inflation Rate YoY Flash Jun 1.1%
2021-07-16 09:00 AM Core Inflation Rate YoY Final Jun
2021-07-30 09:00 AM Core Inflation Rate YoY Flash Jul

Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.60 5.00 -0.60 percent [+]
Inflation Rate Mom 0.30 0.60 1.30 -1.50 percent [+]
Consumer Price Index CPI 107.14 106.53 107.14 70.40 points [+]
Core Consumer Prices 106.04 105.47 106.04 75.10 points [+]
Core Inflation Rate 0.90 0.70 2.60 0.20 percent [+]
GDP Deflator 107.09 106.44 107.36 72.20 points [+]
Producer Prices 107.90 106.80 107.90 49.10 points [+]
Producer Prices Change 7.60 4.30 10.80 -8.20 percent [+]
Import Prices 103.20 102.00 103.20 93.30 points [+]
Food Inflation 0.00 0.70 6.90 -1.60 percent [+]
CPI Housing Utilities 107.06 106.61 107.06 60.35 points [+]
CPI Transportation 108.60 108.33 108.60 66.00 points [+]


Euro Area Core Inflation Rate
In Euro Area, the core inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates, excluding energy, food, alcohol & tobacco that face volatile price movements.