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.

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Euro Area Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.00 5.00 -0.60 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 09:00 AM Inflation Rate YoY Flash May 2% 1.6% 1.9% 2%
2021-06-17 09:00 AM Inflation Rate YoY Final May 2% 1.6% 2% 2%
2021-06-30 09:00 AM Inflation Rate YoY Flash Jun 1.9% 2% 1.9% 2%
2021-07-16 09:00 AM Inflation Rate YoY Final Jun 1.9% 2% 1.9% 1.9%
2021-07-30 09:00 AM Inflation Rate YoY Flash Jul 1.9% 2% 2%
2021-08-18 09:00 AM Inflation Rate YoY Final Jul 1.9%
2021-08-31 09:00 AM Inflation Rate YoY Flash Aug
2021-09-17 09:00 AM Inflation Rate YoY Final Aug


News Stream
Euro Area Inflation Rate Confirmed at 1.9%
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.
2021-07-16
Euro Area Inflation Rate Slows to 1.9%
Annual inflation rate in the Euro Area eased to 1.9% in June of 2021 from a 2-1/2-year high of 2% in May, in line with market forecasts, preliminary data showed. Prices likely slowed for energy (12.5% vs 13.1% in May) and services (0.7% vs 1.1%) but inflation accelerated for non-energy industrial goods (1.2% vs 0.7%) and food, alcohol & tobacco (0.6% vs 0.5%). The monthly rate was steady at 0.3%. Inflation in June fell towards the ECB's target of below but close to 2% although it is likely to peak above 2.5% towards the end of the year.
2021-06-30
Eurozone May Inflation Rate Confirmed at 2-1/2-Year High
The consumer price inflation rate in the Euro Area was confirmed at 2.0 percent year-on-year in May 2021, the highest since October 2018, due to the low base year and reflecting a sharp rebound in demand following the re-opening of the economy. Upward pressure came from energy (13.1 percent vs 10.4 percent in April), services (1.1 percent vs 0.9 percent), and non-energy industrial goods (0.7 percent vs 0.4 percent). On the other hand, cost for food, alcohol & tobacco rose at a slightly slower pace (0.5 percent vs 0.6 percent). Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco picked up to 1.0 percent, from 0.7 percent in April. On a monthly basis, consumer prices advanced 0.3 percent.
2021-06-17
Euro Area Inflation Rate Above Forecasts
The annual inflation rate in the Eurozone accelerated to 2% in May of 2021 from 1.6% in April and above market forecasts of 1.9%, preliminary estimates showed. It is the highest reading since October of 2018 with the cost of energy expected to rise the most (13.1% vs 10.4% in April) mostly due to the base effect as in May last year the region was in a full lockdown. Prices are also set to increase for services (1.1% vs 0.9%), non-energy industrial goods (0.7% vs 0.4%) and food, alcohol & tobacco (0.6%, stable compared with April). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco is expected to edge up to 0.9% from 0.7%. The ECB has said already it is expecting a spike in inflation on the back of base effects and temporary factors, warning that it may even exceed the central bank's target by the end of the year.
2021-06-01

Euro Area Inflation Rate
In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.