The inflation rate in European Union was recorded at 0.80 percent in July of 2020.
Inflation Rate in European Union averaged 2.38 percent from 1997 until 2020, reaching an all time high of 8.40 percent in November of 1997 and a record low of -0.50 percent in January of 2015. This page provides the latest reported value for - European Union Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union Inflation Rate - values, historical data and charts - was last updated on October of 2020.
Inflation Rate in European Union is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in European Union to stand at 1.20 in 12 months time. In the long-term, the European Union Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.80 percent in 2022, according to our econometric models.