Inflation Rate Europe 2024. Euro area headline inflation rose to 2.9% in december from 2.4% in november, after falling substantially during the course of the year (chart 9). Inflation outlook inflation should decline over the next few years, but more slowly than in 2023.
This moderation reflects the continued fading of pipeline pressures. In the december 2023 eurosystem staff macroeconomic projections, hicp inflation is projected to decrease from an average of 5.4 per cent in 2023 to 2.7 per cent in 2024 and 2.1 per cent in 2025, and then to stand at 1.9 per cent in 2026 (chart 1).
The Ecb’s Governing Council Considers That Price Stability Is Best Maintained By Aiming For 2% Over The Medium Term.
In the euro area, the harmonised index of consumer prices (hicp) is used to measure consumer price inflation.
Owing To Fading Cost Pressures And The Impact Of The Ecb’s Monetary Policy, Headline Inflation Should Fall From 5.4% In 2023 To 2.3% In 2024 And Then To 2.0% In 2025, Reaching 1.9% In 2026.
The inflation rate is based upon the consumer price index (cpi).
A Year Earlier, The Rate Was 9.2%.
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The Commission Added That Annual Eurozone Inflation Is Expected To Fall By Half To 2.7 Per Cent This Year From 5.4 Per Cent In 2023, A Steeper Drop Than To The 3.2 Per Cent Rate Previously Predicted.
Headline inflation has fallen faster and from a higher peak in the euro area than in the united states in annual percentage terms − from 10.6% in october 2022 to 2.6% in february 2024 in the euro area and from 9.1% in june 2022 to 3.2% in february 2024 in the united states.
European Union Inflation Rate For 2021 Was 2.55%, A 2.08% Increase From 2020.
This moderation reflects the continued fading of pipeline pressures.
That Means The Change Over Time In The Prices Of Consumer Goods And Services Purchased By Euro Area Households.