Cost of food In the Euro Area increased 1.20 percent in December of 2018 over the same month in the previous year. Food Inflation in the Euro Area averaged 1.79 percent from 1997 until 2018, 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.
Food Inflation in Euro Area is expected to be 2.00 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 1.90 in 12 months time. In the long-term, the Euro Area Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.