European Union Inflation RateFebruary 2023 Data - 2000-2022 Historical

Name: European Union Inflation Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: European Union,Inflation Rate,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Inflation Rate in European Union decreased to 9.90 percent in February from 10 percent in January of 2023. source: EUROSTAT

Inflation Rate in European Union averaged 2.31 percent from 2000 until 2023, reaching an all time high of 11.50 percent in October of 2022 and a record low of -0.60 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 March of 2023.

Inflation Rate in European Union is expected to be 9.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Inflation Rate is projected to trend around 2.50 percent in 2024 and 2.30 percent in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Core Inflation Rate	6.55	6.29	percent	Feb 2023
Core Consumer Prices	115.79	114.81	points	Feb 2023
Food Inflation	19.06	17.99	percent	Feb 2023
CPI Transportation	126.12	125.42	points	Feb 2023
CPI Housing Utilities	136.40	136.94	points	Feb 2023
Consumer Price Index CPI	124.94	123.90	points	Feb 2023
Inflation Rate MoM	0.80	0.20	percent	Feb 2023
Inflation Rate	9.90	10.00	percent	Feb 2023
Producer Prices	160.90	164.60	points	Jan 2023
Producer Prices Change	25.20	27.40	percent	Dec 2022
GDP Deflator	118.23	115.72	points	Dec 2022

European Union Inflation Rate

In the European Union, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: Food and non-alcoholic beverages (17% of the total weight); Housing, water, electricity, gas and other fuels (15%); Transport (15%); Miscellaneous goods and services (10%); Restaurants and hotels (10%); and Recreation and culture (9%). Other categories include Furnishings, household equipment and routine household maintenance (7%); Health (5%); Clothing and footwear (5%). Alcoholic beverages, tobacco and narcotics, Communications and Education account for the remaining 8%. The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.