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.