The annual inflation rate in the Euro Area was confirmed at a record high of 5% in December of 2021, up from 4.9% in November, as the cost of oil and natural gas continued to soar and supply chain disruptions continue to weigh. The biggest contributions came from the cost of energy which surged 25.9%, followed by services (2.4%), non-energy industrial goods (2.9%) and food, alcohol & tobacco (3.2%). Excluding energy, inflation went up to 2.8% from 2.5%. ?The core index which excludes energy, food, alcohol & tobacco increased 2.6% yoy, the same as in November and matching the initial estimates. source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.94 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 January of 2022.
Inflation Rate in Euro Area is expected to be 4.80 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 1.80 percent in 2023, according to our econometric models.