Cost of food in European Union increased 2.40 percent in December of 2019 over the same month in the previous year. Food Inflation in European Union averaged 3 percent from 1997 until 2019, reaching an all time high of 16.10 percent in November of 1997 and a record low of -1 percent in June of 2014.
Food Inflation in European Union is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in European Union to stand at 1.80 in 12 months time. In the long-term, the European Union Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.