General overview
Eurozone Annual inflation is expected to be 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 eurozone inflation, services are 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). .), non-energy industrial goods (0.8%, compared to 0.9% in April) and energy (0.3%, compared to -0.6% in April).
TABLES
|
Eurozone annual inflation and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
|
2024 |
May 23 |
December 23 |
January 24 |
February 24 |
March 24 |
April 24 |
May 24 |
May 24 |
|
|
IHCK of all voices |
1000.0 |
6.1 |
2.9 |
2.8 |
2.6 |
2.4 |
2.4 |
2.6e |
0.2e |
|
All items except: power |
900.9 |
7.0 |
4.0 |
3.8 |
3.3 |
2.9 |
2.7 |
2.8e |
0.4e |
|
energy, raw 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 food, alcohol and tobacco |
151.2 |
13.4 |
5.9 |
5.2 |
4.5 |
3.5 |
3.2 |
2.9e |
0.1e |
|
raw food |
43.5 |
9.6 |
6.8 |
6.9 |
2.1 |
-0.5 |
1.2 |
1.8e |
0.6e |
|
POWER |
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 |
|
sERVICE |
448.8 |
5.0 |
4.0 |
4.0 |
4.0 |
4.0 |
3.7 |
4.1e |
0.6e |
|
and evaluation
|
|||||||||
|
Inflation rates (%) measured with HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
|
|
Annual rate |
Monthly rate |
||||||
|
May 23 |
December 23 |
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 |
|
Ital |
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 |
|
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 |
|
and evaluation Source data: prc_hicp_manr
|
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Notes for users
Reviews and schedule
The flash estimate of euro area inflation is published at the end of each reference month.
The full set of harmonized indices of consumer prices (HICP) for the euro area, EU and member states is 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 one.
Geographic information
of 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.
Euro area data refers to the composition of the country at a given point in time. Changes in the composition of the euro area are incorporated using a chain index formula.