Annual inflation stable at 2.4% in the euro area (2024)

Euro -indicators 17. Maj 2024 Next release: June 18, 2024

April 2024

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Stable at 2.6% in the EU

Overview

OfEuro -areaThe annual inflation was 2.4% in April 2024, stable compared to March 2024. A year earlier the rate was 7.0% .i.EU, That The annual inflation was 2.6% in April 2024, stable compared to March 2024. A year earlier the rate was 8.1%.Disse figures are published byEurostat, the statistical office of the EU.

The lowest annual rates were registeredLithuania(0,4%),Denmark(0.5%) inFinland(0,6%).Romania(6,2%),Belgium(4.9%) inCroatia(4.7%).In comparison with March 2024, annual inflation remained in fifteen member states, remained stable in four and took in considerable.

In April 2024, the highest contribution to the annualEuro -areaThe inflation percentage came from services (+1.64 percentage point, pp), followed by food, alcohol and tobacco (+0.55 pp), non-energy industrial goods (+0.23 pp) and energy (-0.04pp).

Annual inflation stable at 2.4% in the euro area (1)

Inflation percentages (%) measured by HICP

Annual batch

Monthly rate

23. april

23. november

23. December

January 24

February 24

24. Mar

24. april

24. april

Euro -area

7.0

2.4

2.9

2.8

2.6

2.4

2.4

0,6

EU

8.1

3.1

3.4

3.1

2.8

2.6

2.6

0,6

Belgium

3.3

-0,8

0,5

1.5

3.6

3.8

4.9

-0,3

Bulgaria

10.3

5.5

5.0

3.9

3.5

3.1

2.5

-0.1

Czech Republic

14.3

8.0

7.6

2.7

2.2

2.2

3.1

0,8

Denmark

5.6

0,3

0,4

0,9

0,6

0,8

0,5

0,0

Germany

7.6

2.3

3.8

3.1

2.7

2.3

2.4

0,6

Estonia

13.2

4.1

4.3

5.0

4.4

4.1

3.1

1.0

Ireland

6.3

2.5

3.2

2.7

2.3

1.7

1.6

0,2

Greece

4.5

2.9

3.7

3.2

3.1

3.4

3.2

0,9

Spain

3.8

3.3

3.3

3.5

2.9

3.3

3.4

0,6

France

6.9

3.9

4.1

3.4

3.2

2.4

2.4

0,6

Croatia

8.9

5.5

5.4

4.8

4.8

4.9

4.7

1.0

Italy

8.6

0,6

0,5

0,9

0,8

1.2

0,9

0,5

Cyprus

3.9

2.4

1.9

2.1

2.1

1.6

2.1

1.4

Latvia

15.0

1.1

0,9

1.1

0,6

1.0

1.1

0,5

Lithuania

13.3

2.3

1.6

1.1

1.1

0,4

0,4

0,3

Luxemburg

2.7

2.1

3.2

3.0

3.2

3.2

3.0

0,5

Hungary

24.4

7.7

5.5

3.7

3.6

3.6

3.6

0,7

Malta

6.4

3.9

3.7

3.7

3.0

2.7

2.4

2.8

Holland

5.8

1.4

1.0

3.1

2.7

3.1

2.6

1.1

Austria

9.4

4.9

5.7

4.3

4.0

4.1

3.4

0,2

Poland

14.0

6.3

6.2

4.5

3.7

2.7

3.0

1.0

Portugal

6.9

2.2

1.9

2.5

2.3

2.6

2.3

1.1

Romania

10.4

6.9

7.0

7.3

7.1

6.7

6.2

0,4

Slovenia

9.2

4.5

3.8

3.4

3.4

3.4

3.0

0,7

Slovakia

14.0

6.9

6.6

4.4

3.8

2.7

2.4

0,4

Finland

6.3

0,7

1.3

1.1

1.1

0,6

0,6

0,1

Sweden

7.7

3.3

1.9

3.4

2.6

2.3

2.4

0,3

Island

8.3

7.4

6.9

5.6

5.3

5.1

4.6

0,3

Norway

6.9

4.5

4.7

4.6

4.4

3.6

3.4

0,9

Switzerland

2.6

1.6

2.1

1.5

1.2

1.1

1.4

0,5

Brong data set:Prc_hicp_manr

Annual inflation stable at 2.4% in the euro area (2)

Annual inflation stable at 2.4% in the euro area (3)

Tables

Inflation percentage for the euro area (%), selected aggregates

Weights (‰)

Annual batch

Monthlysats

2024

23. april

23. november

23. December

January 24

February 24

24. Mar

24. april

24. april

All-Items HICP

1000.0

7.0

2.4

2.9

2.8

2.6

2.4

2.4

0,6

All-Timpers Exclusive:

energy

900.9

7.4

4.3

4.0

3.8

3.3

2.9

2.7

0,6

energy, unprocessed food

857.4

7.3

4.2

3.9

3.6

3.3

3.1

2.8

0,6

Energy, food, alcohol and tobacco

706.2

5.6

3.6

3.4

3.3

3.1

2.9

2.7

0,7

Energy, seasonal food

876.0

7.4

4.2

3.9

3.6

3.3

3.0

2.7

0,6

plate

979.1

7.0

2.3

2.8

2.7

2.4

2.3

2.3

0,6

Food, alcohol and tobacco

194.7

13.5

6.9

6.1

5.6

3.9

2.6

2.8

0,3

Processed food, alcohol and tobacco

151.2

14.6

7.1

5.9

5.2

4.5

3.5

3.2

0,3

Unprocessed food

43.5

10.0

6.3

6.8

6.9

2.1

-0,5

1.2

0,2

Energy

99.1

2.3

-11.5

-6,7

-6.1

-3,7

-1,8

-0,6

0,3

Industrial goods that are not energy

257.3

6.2

2.9

2.5

2.0

1.6

1.1

0,9

0,4

Services

448.8

5.2

4.0

4.0

4.0

4.0

4.0

3.7

0,8

Annual inflation stable at 2.4% in the euro area (4)

Contribution to the annual inflation percentage of the euro area (PP), selected aggregates

23. april

23. november

23. December

January 24

February 24

24. Mar

24. april

Food, alcohol and tobacco

2,75

1.37

1.21

1.13

0,79

0,53

0,55

Processed food, alcohol and tobacco

2.27

1.09

0,91

0,82

0,69

0,55

0,49

Unprocessed food

0,48

0,28

0,31

0,31

0,10

-0.02

0,06

Energy

0,37

-1.41

-0,68

-0,62

-0,36

-0,16

-0.04

Industrial goods that are not energy

1,62

0,75

0,66

0,53

0,42

0,30

0,23

Services

2.21

1,69

1,74

1,73

1,73

1,76

1,64

Brong data set:PRC_HICP_TRB

Annual inflation stable at 2.4% in the euro area (5)

Comments for users

Revisions and planning

At the end of each reference month, a flash of inflation of the euro area is issued.The Euro area Flash -Timat for April 2024, published on April 30, 2024, was 2.4%.

The next flash of inflation of the euro area with data for May 2024 is planned for 31 May 2024.

Methods and definitions

Annual inflationis the change in the price level of consumer goods and services between the current month and the same month the year before.Monthly inflationis the change in the price level between the current month and the last month.

INcontributionShow how much of the annual inflation comes from a certain part of the HICP.

Geographic information

OfEuro -areaConsists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Holland, Austria, Portugal, Slovenia, Slovakia and Finland.

OfEuropees UnieIncluding Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Lithuania, Lithuania, Hungary, Malta, Holland, Austrian, Austrian Slovakia, Finland and Sweden.

The euro area and the EU data refer to the respective country compositions at a specific time.

For purely information

  • Eurostat -Web Sites section on inflation

  • Eurostat database on inflation

  • Statistics explained article about inflation in the euro area

  • Eurostat -metadata on inflation

  • Euro Indicators Dashboard

  • Release calendar for euro -indicators

  • Statistics code for practice

PC and contact

Media -Requests

Eurostat Media Support

Telephone:(+352) 4301 33 408

E-mail:eurostat-mediasupport@ec.europa.eu

More information about data

E-mail:Estathicp@ec.europa.eu

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Annual inflation stable at 2.4% in the euro area (2024)

FAQs

What is euro area inflation rate? ›

Overview. The euro area annual inflation rate was 2.4% in April 2024, stable compared to March 2024. A year earlier, the rate was 7.0%.

What is the average inflation rate in the euro? ›

European Union Inflation Rate is at 2.60%, compared to 2.60% last month and 8.10% last year. This is higher than the long term average of 2.23%.

What is the euro area inflation forecast? ›

The euro area economy should reach 0.8% of growth. In 2025, GDP will grow even more. Meantime, EU inflation has fallen dramatically since it peaked in 2022. It is expected to wind down to 2.7% in 2024 and to 2.2% in 2025.

How is euro area inflation calculated? ›

In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates.

What is the target for euro area inflation? ›

The ECB's monetary policy. The European Central Bank (ECB) guards the value of the euro. To do so, it conducts monetary policy, taking measures to keep prices stable, which means that it aims for a 2% inflation rate.

What is the euro core inflation rate? ›

The annual core inflation rate in the Euro Area, excluding volatile items such as energy, food, alcohol & tobacco, came in at 2.9% in May 2024, slightly above market forecasts of 2.8%, following nine consecutive months of declines, a preliminary estimate showed.

What is the real inflation in eurozone? ›

Highlights. Euro area annual inflation was 2.6 % in May 2024, up from 2.4 % in April 2024. The figures presented in this article are the actual Harmonised Index of Consumer Prices (HICP).

What is the expected inflation rate in the EUR? ›

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year.

Which country in EU has highest inflation? ›

Romania has the highest inflation

January 2024's figures show, the annual inflation ranged from 0.9% to 7.3% in the EU. Romania came in with the highest rate 7.3% among the EU members, followed by Estonia (5%), Croatia (4.8%) and Poland (4.5%).

What is the interest rate forecast for the euro area? ›

According to the European Central Bank's survey of professional forecasters, the interest rate on the ECB's main refinancing operations is expected to decrease from 4.5 percent in December 2023 to 4.15 percent in 2024 and 3.29 percent in 2025.

What is the target inflation rate for euro? ›

We are targeting an inflation rate of 2% over the medium term. Our commitment to this target is symmetric: we view inflation that is too low just as negatively as inflation that is too high.

What is a good inflation rate? ›

The Fed has stated on numerous occasions that its goal is an annual inflation rate of 2%. This is close to the inflation rate prior to the pandemic. However, the Fed's stated goal raises the obvious question: Why stop at a 2% inflation rate?

What is the euro inflation rate today? ›

Basic Info. Eurozone Inflation Rate is at 2.60%, compared to 2.40% last month and 6.10% last year. This is higher than the long term average of 2.04%.

What is the annual inflation rate of the euro? ›

Overview. The euro area annual inflation rate was 2.6% in May 2024, up from 2.4% in April. A year earlier, the rate was 6.1%. European Union annual inflation was 2.7% in May 2024, up from 2.6% in April.

What is the CPI for the euro area? ›

Eurozone Consumer Price Index is at a current level of 126.04, up from 125.31 last month and up from 123.12 one year ago. This is a change of 0.58% from last month and 2.37% from one year ago.

What is the CPI index for Euro Zone? ›

Eurozone Consumer Price Index is at a current level of 126.04, up from 125.31 last month and up from 123.12 one year ago. This is a change of 0.58% from last month and 2.37% from one year ago.

Which country has the highest inflation rate in Europe? ›

Romania has the highest inflation

Romania came in with the highest rate 7.3% among the EU members, followed by Estonia (5%), Croatia (4.8%) and Poland (4.5%).

What is the inflation rate in Germany? ›

The Laspeyres formula is generally used.
  • Germany inflation rate for 2022 was 6.87%, a 3.81% increase from 2021.
  • Germany inflation rate for 2021 was 3.07%, a 2.92% increase from 2020.
  • Germany inflation rate for 2020 was 0.14%, a 1.3% decline from 2019.
  • Germany inflation rate for 2019 was 1.45%, a 0.29% decline from 2018.

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