Euro Area Inflation Rate

Last Release

Nov 30, 2024

Actual

2.2

Units In

Frequency

Monthly

Next Release

Jan 06, 2025

Time to Release

18 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
10.6 Oct 2022	-0.6 Jul 2009	2.25 %	1991-2024	Eurostat

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.

Latest Updates

The annual inflation rate in the Eurozone increased to 2.2% in November 2024 from 2% in October, but below 2.3% in the preliminary estimate. This year-end increase was largely expected due to base effects, as last year’s sharp declines in energy prices are no longer factored into annual rates. Prices of energy fell at a much softer pace (-2% vs -4.6% in October, compared to -1.9% in the preliminary estimate) and cost for non-energy industrial goods rose more (0.6% vs 0.5%, compared to 0.7% in the preliminary estimate). On the other hand, inflation eased for services (3.9% vs 4%, matching the preliminary estimate) and food, alcohol and tobacco (2.7% vs 2.9%, also below 2.8% in the first estimate). Compared to the previous month, the CPI fell 0.3%, matching the figures from the advance estimate. Annual core inflation was confirmed at 2.7%, in line with the flash reading.