Core consumer prices in the Euro Area which exclude energy, food, alcohol & tobacco increased 5 percent year-on-year in October of 2022, in line with preliminary estimates. It is the highest core inflation rate on record, compared to 4.8 percent in September. Compared to the previous months, the core CPI went up 0.6 percent. source: EUROSTAT

Core Inflation Rate in Euro Area averaged 1.44 percent from 1997 until 2022, reaching an all time high of 5.00 percent in October of 2022 and a record low of 0.20 percent in September of 2020. This page provides the latest reported value for - Euro Area Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Core Inflation Rate in Euro Area is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 3.20 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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Euro Area Core Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 10:00 AM Core Inflation Rate YoY Flash Oct 5% 4.8% 4.9% 4.9%
2022-11-17 10:00 AM Core Inflation Rate YoY Final Oct 5% 4.8% 5% 5%
2022-11-30 10:00 AM Core Inflation Rate YoY Flash Nov 5% 5% 4.9%

Related Last Previous Unit Reference
Inflation Rate 10.60 9.90 percent Oct 2022
Inflation Rate MoM 1.50 1.20 percent Oct 2022
Consumer Price Index CPI 121.03 119.26 points Oct 2022
Core Inflation Rate 5.00 4.80 percent Oct 2022
Core Consumer Prices 112.60 111.98 points Oct 2022
GDP Deflator 113.44 112.20 points Jun 2022
Producer Prices 167.60 164.90 points Sep 2022
Producer Prices Change 41.90 43.40 percent Sep 2022
Import Prices 120.80 120.50 points Sep 2022
Food Inflation 15.50 13.80 percent Oct 2022
CPI Transportation 125.12 123.99 points Oct 2022
CPI Housing Utilities 138.53 133.18 points Oct 2022

Euro Area Core Inflation Rate
In Euro Area, the core inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates, excluding energy, food, alcohol & tobacco that face volatile price movements.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.80 5.00 0.20 1997 - 2022 percent Monthly