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.

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Euro Area Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2022-01-07 10:00 AM Inflation Rate YoY Flash Dec 5% 4.9% 4.7% 5.1%
2022-01-20 10:00 AM Inflation Rate YoY Final Dec 5% 4.9% 5% 5%
2022-02-02 10:00 AM Inflation Rate YoY Flash Jan 5% 5.1%


Related Last Previous Unit Reference
Inflation Rate 5.00 4.90 percent Dec/21
Inflation Rate Mom 0.40 0.40 percent Dec/21
Consumer Price Index CPI 110.37 109.90 points Dec/21
Core Inflation Rate 2.60 2.60 percent Dec/21
Core Consumer Prices 107.68 107.26 points Dec/21
GDP Deflator 108.27 108.10 points Jun/21
Producer Prices 126.70 124.50 points Nov/21
Producer Prices Change 23.70 21.90 percent Nov/21
Import Prices 109.40 108.50 points Nov/21
Food Inflation 3.50 2.20 percent Dec/21
CPI Transportation 114.71 114.91 points Dec/21
CPI Housing Utilities 114.81 113.77 points Dec/21

News Stream
Euro Area Inflation Rate Confirmed at Record High
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.
2022-01-20
Euro Area Inflation Rate at Record 5%
Annual inflation rate in the Euro Area accelerated for the sixth straight month to a record high of 5% in December of 2021 from 4.9% in November, preliminary estimates showed. Figures compare with market forecasts of 4.7%. Energy is expected to have the highest annual rate (26%, compared with 27.5% in November), followed by food, alcohol & tobacco (3.2% vs 2.2%), non-energy industrial goods (2.9% vs 2.4%) and services (2.4% vs 2.7%). December also marks the 6th straight month the inflation stays above the ECB's target of 2% as supply chain disruptions and high energy costs continue to weigh although policymakers have been reiterating the current spike is temporary. The core index which excludes energy, food, alcohol & tobacco increased 2.6% yoy, the same as in November. Excluding energy only, the inflation went up to 2.8%.
2022-01-07
Euro Area Inflation Rate Confirmed at 30-Year High
The annual inflation rate in the Euro Area increased to 4.9% in November of 2021 from 4.1% in October, the highest reading since July of 1991, and in line with preliminary estimates. The biggest increases were seen in cost of energy (27.5%), services (2.7%), non-energy industrial goods (2.4%) and food, alcohol & tobacco (2.2%). The lowest annual inflation rates were registered in Malta (2.4%), Portugal (2.6%) and France (3.4%) and the highest annual rates were recorded in Lithuania (9.3%), Estonia (8.6%) and Hungary (7.5%).
2021-12-17

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.