Cost of food in European Union increased 1 percent in December of 2020 over the same month in the previous year. source: EUROSTAT
Food Inflation in European Union averaged 2.99 percent from 1997 until 2020, reaching an all time high of 16.10 percent in November of 1997 and a record low of -1.20 percent in June of 2014. This page provides - European Union Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Food Inflation - values, historical data and charts - was last updated on March of 2021.
Food Inflation in European Union is expected to be 1.50 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 2.20 in 12 months time. In the long-term, the European Union Food Inflation is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.