The consumer price inflation rate in the Euro Area was confirmed at 2.6% year-on-year in February 2024, the lowest rate in three months but still exceeding the European Central Bank's target of 2%. Energy prices saw a decline of 3.7% (vs -6.1% in January), while the pace of price rises moderated for both food, alcohol & tobacco (3.9% vs 5.6%) and non-energy industrial goods (1.6% vs 2.0%). On the other hand, the services inflation held steady at 4.0%. The core rate, excluding volatile food and energy prices, was also confirmed at 3.1%, its lowest point since March 2022. On a monthly basis, consumer prices increased by 0.6% in February, following a 0.4% drop in January. source: EUROSTAT

Inflation Rate In the Euro Area decreased to 2.60 percent in February from 2.80 percent in January of 2024. Inflation Rate in Euro Area averaged 2.22 percent from 1991 until 2024, reaching an all time high of 10.60 percent in October 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 March of 2024.

Inflation Rate In the Euro Area decreased to 2.60 percent in February from 2.80 percent in January of 2024. Inflation Rate in Euro Area is expected to be 2.60 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 2.10 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-01 10:00 AM Inflation Rate YoY Flash Feb 2.6% 2.8% 2.5% 2.5%
2024-03-18 10:00 AM Inflation Rate YoY Final Feb 2.6% 2.8% 2.6% 2.6%
2024-04-03 09:00 AM Inflation Rate YoY Flash Mar 2.6% 2.5% 2.6%

Components Last Previous Unit Reference
Energy Inflation -3.70 -6.10 percent Feb 2024
Services Inflation 4.00 4.00 percent Feb 2024

Related Last Previous Unit Reference
CPI 124.38 123.60 points Feb 2024
Core Consumer Prices 116.83 116.05 points Feb 2024
Core Inflation Rate YoY 3.10 3.30 percent Feb 2024
CPI Housing Utilities 131.76 131.33 points Feb 2024
CPI Transportation 126.64 124.94 points Feb 2024
Energy Prices 150.80 148.64 points Feb 2024
Food Inflation 3.30 5.40 percent Feb 2024
GDP Deflator 123.74 122.04 points Dec 2023
Import Prices 110.60 110.80 points Dec 2023
Consumer Inflation Expectations 3.30 3.20 percent Jan 2024
Inflation Rate YoY 2.60 2.80 percent Feb 2024
Inflation Rate MoM 0.60 -0.40 percent Feb 2024
Producer Prices 125.90 127.00 points Jan 2024
PPI YoY -8.60 -10.70 percent Jan 2024

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 (21 percent of the total weight), energy (11 percent), non-energy industrial goods (27 percent) and services (42 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
2.60 2.80 10.60 -0.60 1991 - 2024 percent Monthly

News Stream
Eurozone Inflation Rate Confirmed at 3-Month Low
The consumer price inflation rate in the Euro Area was confirmed at 2.6% year-on-year in February 2024, the lowest rate in three months but still exceeding the European Central Bank's target of 2%. Energy prices saw a decline of 3.7% (vs -6.1% in January), while the pace of price rises moderated for both food, alcohol & tobacco (3.9% vs 5.6%) and non-energy industrial goods (1.6% vs 2.0%). On the other hand, the services inflation held steady at 4.0%. The core rate, excluding volatile food and energy prices, was also confirmed at 3.1%, its lowest point since March 2022. On a monthly basis, consumer prices increased by 0.6% in February, following a 0.4% drop in January.
2024-03-18
Eurozone Inflation Falls Less Than Expected
The consumer price inflation rate in the Euro Area declined to 2.6% year-on-year in February 2024, down from 2.8% in the previous month, but remaining slightly above market expectations of 2.5%, a preliminary estimate showed. It was the lowest rate in three months but still exceeded the European Central Bank's target of 2%. Energy prices saw a decline of 3.7% (vs -6.1% in January), while the pace of price rises moderated for services (3.9% vs 4.0%), food, alcohol & tobacco (4.0% vs 5.6%), and non-energy industrial goods (1.6% vs 2.0%). The core rate, excluding volatile food and energy prices, also cooled to 3.1%, reaching its lowest point since March 2022 but also remaining above forecasts of 2.9%. On a monthly basis, consumer prices increased by 0.6% in February, following a 0.4% drop in January.
2024-03-01
Eurozone January Inflation Rate Confirmed at 2.8%
The inflation rate in the Euro Area was confirmed at 2.8% in January 2024, little changed from December's 2.9% and above the European Central Bank's target of 2.0%. Meanwhile, the core rate, which excludes volatile food and energy prices, cooled for the sixth consecutive month to 3.3%, reaching its lowest point since March 2022. Inflation slowed for food, alcohol & tobacco (5.6% vs 6.1% in December) and non-energy industrial goods (2.0% vs 2.5%), while it remained unchanged for services (at 4.0%). On the other hand, energy prices declined at a slower pace (-6.1% vs -6.7%). On a monthly basis, the CPI dropped by 0.4%, and the core index fell by 0.9%.
2024-02-22