Chart 1 shows the evolution of headline and core inflation since 2019. European union inflation rate for 2022 was 8.83%, a 6.28% increase from 2021.
The european commission has downgraded its forecasts for eu and eurozone growth for 2024 as high interest rates weigh on economic activity, but it said. The commission’s new forecast for the eu economy points to lower growth rates than anticipated in 2023.
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The commission’s new forecast for the eu economy points to lower growth rates than anticipated in 2023.
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January 2024’s figures show, the annual inflation ranged from 0.9% to 7.3% in the eu.
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Results Are Reported Monthly At The Euro.
Inflation forecast is measured in terms of the consumer price index (cpi) or harmonised index of consumer prices (hicp) for euro area countries, the euro area aggregate and.
Staff Now Project Inflation To Average 2.3% In 2024, 2.0% In 2025 And 1.9% In 2026.
This rate is forecast to continue to fall during the year, with forecasts showing that the annual inflation rate in the eurozone currency area should be between 2.4 and 3.2.