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.

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Euro Area Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-17 10:00 AM Inflation Rate YoY Final Oct 4.1% 3.4% 4.1% 4.1%
2021-11-30 10:00 AM Inflation Rate YoY Flash Nov 4.9% 4.1% 4.5% 4.5%
2021-12-17 10:00 AM Inflation Rate YoY Final Nov 4.1% 4.9% 4.9%


Related Last Previous Unit Reference
Inflation Rate 4.90 4.10 percent Nov/21
Inflation Rate Mom 0.50 0.80 percent Nov/21
Consumer Price Index CPI 109.41 108.49 points Oct/21
Core Inflation Rate 2.60 2.00 percent Nov/21
Core Consumer Prices 107.22 106.90 points Oct/21
GDP Deflator 108.27 108.10 points Jun/21
Producer Prices 124.50 118.10 points Oct/21
Producer Prices Change 21.90 16.10 percent Oct/21
Import Prices 107.30 106.90 points Sep/21
Food Inflation 1.80 1.90 percent Oct/21
CPI Transportation 113.77 111.76 points Oct/21
CPI Housing Utilities 112.43 109.94 points Oct/21

News Stream
Eurozone Inflation Rate Hits 30-Year High
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).
2021-11-30
Euro Area Inflation Rate Confirmed at 2008-High
Annual inflation rate in the Euro Area increased to 4.1% in October of 2021 from 3.4% in September, the highest reading since July of 2008, and in line with preliminary estimates. The bloc continues to battle surging energy costs while supply shortages persist. Biggest increases were seen in cost of energy (23.7%), services (2.1%), non-energy industrial goods (2%) and food, alcohol & tobacco (1.9%). The lowest annual inflation rates were registered in Malta (1.4%), Portugal (1.8%), Finland and Greece (both 2.8%) and the highest in Lithuania (8.2%) and Estonia (6.8%). Inflation in Germany surged to 4.6% and both France and Italy to 3.2%.
2021-11-17
Eurozone Inflation Hits Fresh 2008-High on Energy Cost
Annual inflation rate in the Euro Area jumped to 4.1% in October of 2021 from 3.4% in September and higher than market forecasts of 3.7%, preliminary estimates showed. It is the highest reading since July of 2008, as the bloc battles surging energy costs while supply shortages persist. Energy is expected to have the highest annual rate in October (23.5%, compared with 17.6% in September), followed by services (2.1% vs 1.7%), non-energy industrial goods (2% vs 2.1%) and food, alcohol & tobacco (2%, stable compared with September). The monthly rate likely increased to 0.8% from 0.5%.
2021-10-29

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.