What Is The Inflation Rate In Europe 2024. European union inflation rate for 2021 was 2.55%, a 2.08% increase from 2020. The annual inflation rate in the euro area rose to 2.6% in july of 2024 from 2.5% in the previous month, in line with the preliminary estimate, and above the initial market expectations that it would slow to 2.4%.

“when we look at the data, the. The december 2022 eurosystem staff projections foresee headline hicp inflation to be 6.3% in 2023 and 3.4% in 2024, while hicp inflation excluding food and energy is expected to be 4.2% in 2023 and 2.8% in 2024.