Overview
eurozone Annual inflation is expected to be 2.5% in June 2024, down from 2.6% in May, according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of inflation in the euro area, services are 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). non-energy manufactured goods (0.7%, flat compared to May) and energy (0.2% compared to 0.3% in May).
Tables
|
Annual inflation in the euro area and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
|
2024 |
June 23rd |
January 24th |
February 24th |
March 24th |
24th April |
May 24th |
June 24th |
June 24th |
|
|
All HICP 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 |
0.3e |
|
energy, unprocessed food |
857.4 |
6.8 |
3.6 |
3.3 |
3.1 |
2.8 |
2.9 |
2.8e |
0.4e |
|
energy, food, alcohol and tobacco |
706.2 |
5.5 |
3.3 |
3.1 |
2.9 |
2.7 |
2.9 |
2.9e |
0.3e |
|
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 |
0.4e |
|
unprocessed foods |
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 |
0.7e |
-0.1e |
|
Services |
448.8 |
5.4 |
4.0 |
4.0 |
4.0 |
3.7 |
4.1 |
4.1e |
0.6e |
|
e estimate
|
|||||||||
|
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
|
|
Annual rate |
Monthly rate |
||||||
|
June 23rd |
January 24th |
February 24th |
March 24th |
24th April |
May 24th |
June 24th |
June 24th |
|
|
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 |
0.3e |
|
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 |
0.3e |
|
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 |
0.8e |
|
Italy |
6.7 |
0.9 |
0.8 |
1.2 |
0.9 |
0.8 |
0.9e |
0.2e |
|
Cyprus |
2.8 |
2.1 |
2.1 |
1.6 |
2.1 |
3.0 |
3.1e |
0.4e |
|
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 |
|
Holland |
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 |
3.2e |
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 |
1.6e |
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 |
0.6e |
0.0e |
|
e estimate Source dataset: prc_hicp_manr
|
||||||||
Notes for users
Revision and schedule
A flash estimate of inflation in the euro area is issued at the end of each reference month.
The full set of harmonized 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 dates 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 of the previous year. Monthly inflation is the change in the price level between the current 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.
Eurozone data refer to the composition of countries at a specific point in time. Changes in the composition of the euro area are included using a chain index formula.