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.