Annual inflation rate in the Euro Area was confirmed at 1.9% in June of 2021, in line with the preliminary estimate, and slowing from a 2-1/2-year high of 2% in May. Biggest contribution came from energy (12.6% vs 13.1%), followed by non-energy industrial goods (1.2% vs 0.7%), services (0.7% vs 1.1%) and food, alcohol & tobacco (0.5%, the same as in May). A low base effect from last year is also weighing. In June 2020, inflation rate in the Eurozone was 0.3%. The ECB expects inflation to increase later in the year but the rise should be temporary. source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.91 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 July of 2021.
Inflation Rate in Euro Area is expected to be 2.00 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 1.10 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.20 percent in 2022 and 1.80 percent in 2023, according to our econometric models.