Overview
Euro area Annual inflation is expected to reach 2.6% in May 2024, up from 2.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, the services sector is expected to have the highest annual rate in May (4.1%, compared to 3.7% in April), followed by food, alcohol and tobacco (2 .6%, compared to 2.8% in April). ), industrial goods excluding energy (0.8%, compared to 0.9% in April) and energy (0.3%, compared to -0.6% in April).
Tables
|
Annual inflation in the euro area and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
|
2024 |
May 23 |
23 December |
January 24 |
February 24 |
March 24 |
April 24 |
May 24 |
May 24 |
|
|
HICP for all items |
1000.0 |
6.1 |
2.9 |
2.8 |
2.6 |
2.4 |
2.4 |
2.6e |
0.2e |
|
All items excluding: energy |
900.9 |
7.0 |
4.0 |
3.8 |
3.3 |
2.9 |
2.7 |
2.8e |
0.4e |
|
energy, unprocessed food |
857.4 |
6.9 |
3.9 |
3.6 |
3.3 |
3.1 |
2.8 |
2.9e |
0.4e |
|
energy, food, alcohol and tobacco |
706.2 |
5.3 |
3.4 |
3.3 |
3.1 |
2.9 |
2.7 |
2.9e |
0.4e |
|
Food, alcohol and tobacco |
194.7 |
12.5 |
6.1 |
5.6 |
3.9 |
2.6 |
2.8 |
2.6e |
0.2e |
|
processed foods, alcohol and tobacco |
151.2 |
13.4 |
5.9 |
5.2 |
4.5 |
3.5 |
3.2 |
2.9e |
0.1e |
|
unprocessed food |
43.5 |
9.6 |
6.8 |
6.9 |
2.1 |
-0.5 |
1.2 |
1.8e |
0.6e |
|
Energy |
99.1 |
-1.8 |
-6.7 |
-6.1 |
-3.7 |
-1.8 |
-0.6 |
0.3e |
-1,2e |
|
Non-energy industrial goods |
257.3 |
5.8 |
2.5 |
2.0 |
1.6 |
1.1 |
0.9 |
0.8e |
0.1e |
|
Services |
448.8 |
5.0 |
4.0 |
4.0 |
4.0 |
4.0 |
3.7 |
4.1e |
0.6e |
|
e estimate
|
|||||||||
|
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
|
|
Annual rate |
Monthly rate |
||||||
|
May 23 |
23 December |
January 24 |
February 24 |
March 24 |
April 24 |
May 24 |
May 24 |
|
|
Belgium |
2.7 |
0.5 |
1.5 |
3.6 |
3.8 |
4.9 |
4.9e |
0.2e |
|
Germany |
6.3 |
3.8 |
3.1 |
2.7 |
2.3 |
2.4 |
2.8e |
0.2e |
|
Estonia |
11.2 |
4.3 |
5.0 |
4.4 |
4.1 |
3.1 |
3.1e |
0.0e |
|
Ireland |
5.4 |
3.2 |
2.7 |
2.3 |
1.7 |
1.6 |
1.9e |
0.5e |
|
Greece |
4.1 |
3.7 |
3.2 |
3.1 |
3.4 |
3.2 |
2.3e |
-0.3e |
|
Spain |
2.9 |
3.3 |
3.5 |
2.9 |
3.3 |
3.4 |
3.8e |
0.2e |
|
France |
6.0 |
4.1 |
3.4 |
3.2 |
2.4 |
2.4 |
2.7e |
0.2e |
|
Croatia |
8.3 |
5.4 |
4.8 |
4.8 |
4.9 |
4.7 |
4.3e |
0.2e |
|
Italy |
8.0 |
0.5 |
0.9 |
0.8 |
1.2 |
0.9 |
0.8e |
0.2e |
|
Cyprus |
3.6 |
1.9 |
2.1 |
2.1 |
1.6 |
2.1 |
3.0e |
1.2e |
|
Latvia |
12.3 |
0.9 |
1.1 |
0.6 |
1.0 |
1.1 |
0.2e |
0.5e |
|
Lithuania |
10.7 |
1.6 |
1.1 |
1.1 |
0.4 |
0.4 |
0.8e |
0.3e |
|
Luxembourg |
2.0 |
3.2 |
3.0 |
3.2 |
3.2 |
3.0 |
3.2e |
0.1e |
|
Malta |
6.3 |
3.7 |
3.7 |
3.0 |
2.7 |
2.4 |
2.3e |
1.6e |
|
The Netherlands |
6.8 |
1.0 |
3.1 |
2.7 |
3.1 |
2.6 |
2.7e |
0.3e |
|
Austria |
8.7 |
5.7 |
4.3 |
4.0 |
4.1 |
3.4 |
3.3e |
0.0e |
|
Portugal |
5.4 |
1.9 |
2.5 |
2.3 |
2.6 |
2.3 |
3.9e |
1.1e |
|
Slovenia |
8.1 |
3.8 |
3.4 |
3.4 |
3.4 |
3.0 |
2.5e |
0.4e |
|
Slovakia |
12.3 |
6.6 |
4.4 |
3.8 |
2.7 |
2.4 |
2.7e |
0.2e |
|
Finland |
5.0 |
1.3 |
1.1 |
1.1 |
0.6 |
0.6 |
0.5e |
0.0e |
|
e estimate Source data set: prc_hicp_manr
|
||||||||
Notes for users
Revisions and schedule
The flash estimate for euro area inflation is published at the end of each reference month.
The full set of Harmonized Consumer Price Indices (HICP) for the euro area, the EU and the Member States are published around the middle of the month following the reference month.
The next release with full data for May 2024 is scheduled for June 18, 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 of the previous year. Monthly inflation is the change in the price level between the current month and the previous month.
Geographic information
The euro area 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 country composition at a specific point in time. Changes in the composition of the euro area are processed using a chain index formula.