The consumer price inflation rate in the Euro Area was confirmed at 0.9 percent year-on-year in January 2021, the highest since February last year, boosted mainly by a jump in cost for services (1.4 percent vs 0.7 percent in December) and non-energy industrial goods (1.5 percent vs -0.5 percent). Food, alcohol & tobacco inflation also picked up (1.5 percent vs 1.3 percent), while energy prices fell at a slower pace (-4.2 percent vs -6.9 percent). source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.92 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 March of 2021.
Inflation Rate in Euro Area is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Euro Area to stand at 1.40 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.