Overview
Eurozone According to a flash estimate by Statistics Netherlands (CBS), annual inflation is expected to be 2.5% in June 2024, down from 2.6% in May. Eurostat, the statistical office of the European Union.
Looking at the main components of inflation in the euro area, the services sector is expected to have the highest annual rate in June (4.1%, stable compared to May), followed by food, alcohol and tobacco (2.5%, compared to 2.6% in May), industrial goods (0.7%, stable compared to May) and energy (0.2%, compared to 0.3% in May).
Tables
|
Annual inflation in the Eurozone and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
|
2024 |
June 23 |
January 24 |
February 24 |
March 24 |
April 24 |
May 24 |
24th of June |
24th of June |
|
|
HICP for all items |
1000.0 |
5.5 |
2.8 |
2.6 |
2.4 |
2.4 |
2.6 |
2.5e |
0.2e |
|
All items except: energy |
900.9 |
6.9 |
3.8 |
3.3 |
2.9 |
2.7 |
2.8 |
2.8e |
0.3rd |
|
energy, unprocessed food |
857.4 |
6.8 |
3.6 |
3.3 |
3.1 |
2.8 |
2.9 |
2.8e |
0.4th |
|
energy, food, alcohol and tobacco |
706.2 |
5.5 |
3.3 |
3.1 |
2.9 |
2.7 |
2.9 |
2.9th |
0.3rd |
|
Food, alcohol and tobacco |
194.7 |
11.6 |
5.6 |
3.9 |
2.6 |
2.8 |
2.6 |
2.5e |
0.2e |
|
processed foods, alcohol and tobacco |
151.2 |
12.4 |
5.2 |
4.5 |
3.5 |
3.2 |
2.8 |
2.8e |
0.4th |
|
unprocessed food |
43.5 |
9.0 |
6.9 |
2.1 |
-0.5 |
1.2 |
1.8 |
1.4e |
-0.4e |
|
Energy |
99.1 |
-5.6 |
-6.1 |
-3.7 |
-1.8 |
-0.6 |
0.3 |
0.2e |
-0.8e |
|
Non-energy industrial goods |
257.3 |
5.5 |
2.0 |
1.6 |
1.1 |
0.9 |
0.7 |
0.7th |
-0.1e |
|
Services |
448.8 |
5.4 |
4.0 |
4.0 |
4.0 |
3.7 |
4.1 |
4.1e |
0.6th |
|
the estimate
|
|||||||||
|
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
|
|
Annual rate |
Monthly rate |
||||||
|
June 23 |
January 24 |
February 24 |
March 24 |
April 24 |
May 24 |
24th of June |
24th of June |
|
|
Belgium |
1.6 |
1.5 |
3.6 |
3.8 |
4.9 |
4.9 |
5.5e |
0.5e |
|
Germany |
6.8 |
3.1 |
2.7 |
2.3 |
2.4 |
2.8 |
2.5e |
0.2e |
|
Estonia |
9.0 |
5.0 |
4.4 |
4.1 |
3.1 |
3.1 |
2.8e |
0.5e |
|
Ireland |
4.8 |
2.7 |
2.3 |
1.7 |
1.6 |
2.0 |
1.5e |
0.3rd |
|
Greece |
2.8 |
3.2 |
3.1 |
3.4 |
3.2 |
2.4 |
2.4e |
1.0e |
|
Spain |
1.6 |
3.5 |
2.9 |
3.3 |
3.4 |
3.8 |
3.5e |
0.3rd |
|
France |
5.3 |
3.4 |
3.2 |
2.4 |
2.4 |
2.6 |
2.5e |
0.1e |
|
Croatia |
8.3 |
4.8 |
4.8 |
4.9 |
4.7 |
4.3 |
3.4e |
0.8th |
|
Italy |
6.7 |
0.9 |
0.8 |
1.2 |
0.9 |
0.8 |
0.9th |
0.2e |
|
Cyprus |
2.8 |
2.1 |
2.1 |
1.6 |
2.1 |
3.0 |
3.1e |
0.4th |
|
Latvia |
8.1 |
1.1 |
0.6 |
1.0 |
1.1 |
0.0 |
1.4e |
0.0e |
|
Lithuania |
8.2 |
1.1 |
1.1 |
0.4 |
0.4 |
0.9 |
1.0e |
0.0e |
|
Luxembourg |
1.0 |
3.0 |
3.2 |
3.2 |
3.0 |
3.2 |
2.8e |
0.0e |
|
Malta |
6.2 |
3.7 |
3.0 |
2.7 |
2.4 |
2.3 |
2.1e |
1.3e |
|
The Netherlands |
6.4 |
3.1 |
2.7 |
3.1 |
2.6 |
2.7 |
3.4e |
0.2e |
|
Austria |
7.8 |
4.3 |
4.0 |
4.1 |
3.4 |
3.3 |
3.2nd |
0.1e |
|
Portugal |
4.7 |
2.5 |
2.3 |
2.6 |
2.3 |
3.8 |
3.1e |
-0.3e |
|
Slovenia |
6.6 |
3.4 |
3.4 |
3.4 |
3.0 |
2.5 |
1.6th |
0.0e |
|
Slovakia |
11.3 |
4.4 |
3.8 |
2.7 |
2.4 |
2.6 |
2.4e |
0.0e |
|
Finland |
4.1 |
1.1 |
1.1 |
0.6 |
0.6 |
0.4 |
0.6th |
0.0e |
|
the estimate Source dataset: prc_hicp_manr
|
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Notes for users
Revisions and Schedule
The flash estimate of inflation in the euro area is published at the end of each reference month.
The full set of Harmonised Indices of Consumer Prices (HICP) for the euro area, the EU and the Member States is published around the middle of the month following the reference month.
The next release with full data for June 2024 is scheduled for July 17, 2024.
Methods and definitions
Annual inflation is the change in the price level of consumer goods and services between the current month and the same month in the previous year. Monthly inflation is the change in the price level between the current month and the previous month.
Geographic information
The eurozone consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The euro area data refer to the composition of the country at a specific point in time. Changes in the composition of the euro area are processed using a chain index formula.