Annual inflation rate in the Euro Area accelerated to 9.1% in August of 2022 from 8.9% in July, above market forecasts of 9%, preliminary estimates showed. The inflation rate broke a new record high, as energy cost remains elevated (38.3% vs 39.6%) and food prices continue to accelerate (10.6% vs 9.8%). Prices also rose faster for services (3.8% vs 3.7%) and non-energy industrial goods (5% vs 45.%). Excluding energy, inflation increased to 5.8% (vs 5.4% in July) and excluding energy, food, alcohol and tobacco, inflation also increased to 4.3% (vs 4%). Compared to the previous month, the CPI went up 0.5%.
Inflation Rate in the Euro Area averaged 2.06 percent from 1991 until 2022, reaching an all time high of 9.10 percent in August of 2022 and a record low of -0.60 percent in July of 2009. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Inflation Rate in Euro Area is expected to be 9.70 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.90 percent in 2023 and 2.50 percent in 2024, according to our econometric models.