Cost of food In the Euro Area increased 3.40 percent in May of 2020 over the same month in the previous year.
Food Inflation in the Euro Area averaged 1.78 percent from 1997 until 2020, reaching an all time high of 6.90 percent in July of 2008 and a record low of -1.60 percent in October of 2009. This page provides the latest reported value for - Euro Area Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Food Inflation - values, historical data and charts - was last updated on July of 2020. source: Eurostat
Food Inflation in Euro Area is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Euro Area to stand at 1.60 in 12 months time. In the long-term, the Euro Area Food Inflation is projected to trend around 2.30 percent in 2021 and 1.90 percent in 2022, according to our econometric models.