Core consumer prices in European Union increased 1.20 percent in October of 2018 over the same month in the previous year. Core Inflation Rate in European Union averaged 1.55 percent from 1997 until 2018, reaching an all time high of 2.70 percent in February of 2002 and a record low of 0.70 percent in November of 2014.
Core Inflation Rate in European Union is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in European Union to stand at 1.70 in 12 months time. In the long-term, the European Union Core Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.