Annual inflation rate in the Euro Area was revised slightly lower to 7.4% in April of 2022 from a preliminary of 7.5%, but remaining at a record high level. It compares with a 7.4% rate in March. The highest increase continues to come from energy (37.5% vs 44.3% in March), followed by services (3.3% vs 2.7%), food, alcohol & tobacco (6.3% vs 5%) and non-energy industrial goods (3.8% vs 3.4%). The inflation is now more than three times above the ECB target of 2% and is not expected to get back to the target soon as the energy crisis was exacerbated by the Russian invasion of Ukraine while rising demand and persistent supply and logistics constraints due to the coronavirus pandemic led to a generalised rise in consumer prices. The European Commission sees inflation at 6.1% in 2022, before falling to 2.7% in 2023. source: EUROSTAT

Inflation Rate in the Euro Area averaged 1.99 percent from 1991 until 2022, reaching an all time high of 7.40 percent in March 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 May of 2022.

Inflation Rate in Euro Area is expected to be 6.30 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 2023 and 2.00 percent in 2024, according to our econometric models.

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Euro Area Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 09:00 AM Inflation Rate YoY Flash Apr 7.5% 7.4% 7.5% 7.4%
2022-05-18 09:00 AM Inflation Rate YoY Final Apr 7.4% 7.4% 7.5% 7.5%
2022-05-31 09:00 AM Inflation Rate YoY Flash May 7.4% 7.6% 7.3%


Related Last Previous Unit Reference
Inflation Rate 7.40 7.40 percent Apr 2022
Inflation Rate Mom 0.60 2.40 percent Apr 2022
Consumer Price Index CPI 115.11 114.46 points Apr 2022
Core Inflation Rate 3.50 2.90 percent Apr 2022
Core Consumer Prices 109.73 108.59 points Apr 2022
GDP Deflator 110.62 109.67 points Dec 2021
Producer Prices 146.20 138.90 points Mar 2022
Producer Prices Change 36.80 31.50 percent Mar 2022
Import Prices 115.60 113.60 points Mar 2022
Food Inflation 7.40 5.70 percent Apr 2022
Energy Prices 28.60 25.90 Percent Jan 2022
CPI Transportation 122.74 124.13 points Apr 2022
CPI Housing Utilities 124.03 125.00 points Apr 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
7.40 7.40 7.40 -0.60 1991 - 2022 percent Monthly

News Stream
Euro Area Inflation Rate Revised Slightly Lower, Remains at Record
Annual inflation rate in the Euro Area was revised slightly lower to 7.4% in April of 2022 from a preliminary of 7.5%, but remaining at a record high level. It compares with a 7.4% rate in March. The highest increase continues to come from energy (37.5% vs 44.3% in March), followed by services (3.3% vs 2.7%), food, alcohol & tobacco (6.3% vs 5%) and non-energy industrial goods (3.8% vs 3.4%). The inflation is now more than three times above the ECB target of 2% and is not expected to get back to the target soon as the energy crisis was exacerbated by the Russian invasion of Ukraine while rising demand and persistent supply and logistics constraints due to the coronavirus pandemic led to a generalised rise in consumer prices. The European Commission sees inflation at 6.1% in 2022, before falling to 2.7% in 2023.
2022-05-18
Eurozone Inflation Rate Hits Another Record in April
The annual inflation rate in the Euro Area rose to a fresh record high of 7.5% in April of 2022 from 7.4% in March, and mostly in line with market expectations, as the war in Ukraine and sanctions on Russia continued to push prices of commodities higher, preliminary estimates showed. The inflation is now more than three times above the ECB target of 2%. Prices advanced faster for food, alcohol & tobacco (6.4 % vs 5.0 % in March), non-energy industrial goods (3.8% vs 3.4%) and services (3.3% vs 2.7%). Meanwhile, energy prices slowed but remained extremely high (38% vs 44.4%). Excluding energy, the inflation also increased to 4.2% from 3.4% and excluding energy, food, alcohol, and tobacco went up to 3.5% from 2.9%.
2022-04-29
Euro Area Inflation Revised Slightly Lower but Remains at Record
Annual inflation rate in the Euro Area was revised slightly lower to 7.4% in March of 2022 from initial estimates of 7.5%. Still, it remains the highest inflation rate on record, compared to 5.9% in February, as the war in Ukraine and sanctions on Russia pushed fuel and natural gas prices to record high levels. The inflation is now more than 3 times above the ECB target of 2%. Energy cost made the highest upward contribution as prices soared 44.4% (vs 44.7% in the first estimate). Excluding energy, the inflation was 3.4%. There was also a generalized rise in consumer prices, ranging from food, alcohol and tobacco (5%, the same as in the initial estimate), to non-energy industrial goods (3.4%) and services (2.7%). On a monthly basis, the CPI soared 2.4%, also a record high, with energy cost jumping 12.2%.
2022-04-21