Annual inflation rate in the Euro Area was confirmed at a record of 9.1% in August of 2022, compared to 8.9% in July. The highest contribution came from energy again (38.6% vs 39.6% in July), but prices accelerated for food, alcohol & tobacco (10.6% vs 9.8%), services (3.8% vs 3.7%) and non-energy industrial goods (5.1% vs 4.5%). Excluding energy, food, alcohol and tobacco, the core inflation went up to a record high rate of 4.3% from 4% in July, in a sign price pressures already spread through all the sectors of the economy. Compared to the previous month, consumer prices increased 0.6%, slightly higher than a preliminary reading of 0.5%. source: EUROSTAT

Inflation Rate in the Euro Area averaged 2.06 percent from 1991 until 2022, reaching an all time high of 9.10 percent in August of 2022 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 September of 2022.

Inflation Rate in Euro Area is expected to be 9.70 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 2.90 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Euro Area Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-31 09:00 AM Inflation Rate YoY Flash Aug 9.1% 8.9% 9% 9.1%
2022-09-16 09:00 AM Inflation Rate YoY Final Aug 9.1% 8.9% 9.1% 9.1%
2022-09-30 09:00 AM Inflation Rate YoY Flash Sep 9.1% 9.7% 9.7%


Related Last Previous Unit Reference
Inflation Rate 9.10 8.90 percent Aug 2022
Inflation Rate MoM 0.60 0.10 percent Aug 2022
Consumer Price Index CPI 117.85 117.14 points Aug 2022
Core Inflation Rate 4.30 4.00 percent Aug 2022
Core Consumer Prices 110.92 110.33 points Aug 2022
GDP Deflator 110.62 109.67 points Dec 2021
Producer Prices 156.80 150.80 points Jul 2022
Producer Prices Change 37.90 36.00 percent Jul 2022
Import Prices 120.50 119.70 points Jul 2022
Food Inflation 12.40 11.50 percent Aug 2022
Energy Prices 28.60 25.90 Percent Jan 2022
CPI Transportation 123.30 125.81 points Aug 2022
CPI Housing Utilities 130.62 127.81 points Aug 2022

Euro Area Inflation Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
9.10 8.90 9.10 -0.60 1991 - 2022 percent Monthly

News Stream
Euro Area Inflation Rate Confirmed at 9.1%
Annual inflation rate in the Euro Area was confirmed at a record of 9.1% in August of 2022, compared to 8.9% in July. The highest contribution came from energy again (38.6% vs 39.6% in July), but prices accelerated for food, alcohol & tobacco (10.6% vs 9.8%), services (3.8% vs 3.7%) and non-energy industrial goods (5.1% vs 4.5%). Excluding energy, food, alcohol and tobacco, the core inflation went up to a record high rate of 4.3% from 4% in July, in a sign price pressures already spread through all the sectors of the economy. Compared to the previous month, consumer prices increased 0.6%, slightly higher than a preliminary reading of 0.5%.
2022-09-16
Euro Area Inflation Reaches New Record of 9.1%
Annual inflation rate in the Euro Area accelerated to 9.1% in August of 2022 from 8.9% in July, above market forecasts of 9%, preliminary estimates showed. The inflation rate broke a new record high, as energy cost remains elevated (38.3% vs 39.6%) and food prices continue to accelerate (10.6% vs 9.8%). Prices also rose faster for services (3.8% vs 3.7%) and non-energy industrial goods (5% vs 45.%). Excluding energy, inflation increased to 5.8% (vs 5.4% in July) and excluding energy, food, alcohol and tobacco, inflation also increased to 4.3% (vs 4%). Compared to the previous month, the CPI went up 0.5%.
2022-08-31
Euro Area Inflation Rate Confirmed at Record 8.9%
Annual inflation rate in the Euro Area was confirmed at a new record high of 8.9% in July of 2022, compared to 8.6% in June and 2.2% a year earlier. Prices accelerated for food, alcohol & tobacco (9.8% vs 8.9% in June), non-energy industrial goods (4.5% vs 4.3%) and services (3.7% vs 3.4%) while cost of energy slowed (39.6% vs 42%). Excluding energy, inflation also increased to 5.4% from 4.9% and the core index which excludes cost of energy, food, alcohol & tobacco went up to 4% from 3.7%. Compared to the previous month, consumer prices were up 0.1%.
2022-08-18