The Eurozone consumer price inflation is expected to accelerate to 4.9 percent year-on-year in November 2021, from 4.1 percent in the previous month and above market expectations of 4.5 percent, a preliminary estimate showed. It would be the highest rate of inflation since July 1991, and well above the European Central Bank's target of 2.0 percent. Energy cost should rise sharply (27.4 percent vs 23.7 percent in October), followed by solid increases in prices of services (2.7 percent vs 2.1 percent), non-energy industrial goods (2.4 percent vs 2.0 percent), and food, alcohol & tobacco (2.2 percent vs 1.9 percent). Inflation in Europe's largest economies also accelerated to multi-year highs, with sharp rates being recorded in Germany (6.0 percent vs 4.6 percent), Spain (5.6 percent vs 5.4 percent), Italy (4.0 percent vs 3.2 percent) and France (3.4 percent vs 3.2 percent). source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.93 percent from 1991 until 2021, reaching an all time high of 5 percent in July of 1991 and a record low of -0.60 percent in July of 2009. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Inflation Rate in Euro Area is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.20 percent in 2022 and 1.80 percent in 2023, according to our econometric models.