Cost of food In the Euro Area increased 5.70 percent in March of 2022 over the same month in the previous year. It is the highest food inflation rate since September of 2008. source: EUROSTAT
Food Inflation in the Euro Area averaged 1.79 percent from 1997 until 2022, reaching an all time high of 6.90 percent in July of 2008 and a record low of -1.60 percent in October of 2009. This page provides the latest reported value for - Euro Area Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Food Inflation - values, historical data and charts - was last updated on May of 2022.
Food Inflation in Euro Area is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Food Inflation is projected to trend around 1.50 percent in 2023 and 1.90 percent in 2024, according to our econometric models.