The consumer price inflation rate in the Euro Area was confirmed at 2.4% year-on-year in March 2024, matching November's 28-month low and slightly exceeding the European Central Bank's target of 2%. The pace of price increases moderated for both food, alcohol & tobacco (2.6% vs 3.9% in February) and non-energy industrial goods (1.1% vs 1.6%), while energy prices declined at a softer rate (-1.8% vs -3.7%). Meanwhile, services inflation held steady at 4.0%. The core rate, excluding volatile food and energy prices, also cooled to 2.9%, its lowest point since February 2022. On a monthly basis, consumer prices advanced by 0.8% in March, following a 0.6% increase in February. source: EUROSTAT
Inflation Rate In the Euro Area decreased to 2.40 percent in March from 2.60 percent in February of 2024. Inflation Rate in Euro Area averaged 2.22 percent from 1991 until 2024, reaching an all time high of 10.60 percent in October of 2022 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 April of 2024.
Inflation Rate In the Euro Area decreased to 2.40 percent in March from 2.60 percent in February of 2024. Inflation Rate in Euro Area is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.10 percent in 2025, according to our econometric models.