Euro area annual inflation down to 1.8% (2024)

Euro indicators 1 October 2024 Next release: 31 October 2024

Flash estimate - September 2024

Skip to the content

Before printing

Printing can have negative environmental impacts due to paper waste. We encourage you to explore eco-friendly alternatives. Bookmarking this page in your browser allows you to access it anytime.

This publication can also be converted to PDF, if you have a PDF printer installed on your computer. PDF printers function as virtual printers, enabling you to create digital copies of web pages and access the content offline.

Overview

Euro area annual inflation is expected to be 1.8% in September 2024, down from 2.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in September (4.0%, compared with 4.1% in August), followed by food, alcohol & tobacco (2.4%, compared with 2.3% in August), non-energy industrial goods (0.4%, stable compared with August) and energy (-6.0%, compared with -3.0% in August).

Euro area annual inflation down to 1.8% (1)

Tables

Euro area annual inflation and its components (%)

Weights (‰)

Annual rate

Monthly rate

2024

Sep 23

Apr 24

May 24

Jun 24

Jul 24

Aug 24

Sep 24

Sep 24

All-items HICP

1000.0

4.3

2.4

2.6

2.5

2.6

2.2

1.8e

-0.1e

All-items excluding:

energy

900.9

5.5

2.7

2.8

2.8

2.7

2.7

2.6e

0.1e

energy, unprocessed food

857.4

5.5

2.8

2.9

2.8

2.8

2.8

2.7e

0.1e

energy, food, alcohol & tobacco

706.2

4.5

2.7

2.9

2.9

2.9

2.8

2.7e

0.1e

Food, alcohol & tobacco

194.7

8.8

2.8

2.6

2.4

2.3

2.3

2.4e

0.1e

processed food, alcohol & tobacco

151.2

9.4

3.2

2.8

2.7

2.7

2.7

2.7e

-0.1e

unprocessed food

43.5

6.6

1.2

1.8

1.3

1.0

1.1

1.5e

0.9e

Energy

99.1

-4.6

-0.6

0.3

0.2

1.2

-3.0

-6.0e

-1.6e

Non-energy industrial goods

257.3

4.1

0.9

0.7

0.7

0.7

0.4

0.4e

2.1e

Services

448.8

4.7

3.7

4.1

4.1

4.0

4.1

4.0e

-1.0e

e estimate

Euro area annual inflation down to 1.8% (2)

Inflation rates (%) measured by the HICP

Annual rate

Monthly rate

Sep 23

Apr 24

May 24

Jun 24

Jul 24

Aug 24

Sep 24

Sep 24

Belgium

0.7

4.9

4.9

5.4

5.4

4.3

4.5e

-0.2e

Germany

4.3

2.4

2.8

2.5

2.6

2.0

1.8e

-0.1e

Estonia

3.9

3.1

3.1

2.8

3.5

3.4

3.2e

-0.3e

Ireland

5.0

1.6

2.0

1.5

1.5

1.1

0.2e

-0.8e

Greece

2.4

3.2

2.4

2.5

3.0

3.2

3.0e

1.7e

Spain

3.3

3.4

3.8

3.6

2.9

2.4

1.7e

-0.1e

France

5.7

2.4

2.6

2.5

2.7

2.2

1.5e

-1.2e

Croatia

7.4

4.7

4.3

3.5

3.3

3.0

3.0e

-0.6e

Italy

5.6

0.9

0.8

0.9

1.6

1.2

0.8e

1.2e

Cyprus

4.3

2.1

3.0

3.0

2.4

2.2

1.9e

-0.2e

Latvia

3.6

1.1

0.0

1.5

0.8

0.9

1.6e

0.2e

Lithuania

4.1

0.4

0.9

1.0

1.1

0.8

0.4e

0.4e

Luxembourg

3.4

3.0

3.2

2.8

2.7

1.7

0.8e

-0.5e

Malta

4.9

2.4

2.3

2.2

2.3

2.4

2.1e

-1.0e

Netherlands

-0.3

2.6

2.7

3.4

3.5

3.3

3.3e

-0.9e

Austria

5.8

3.4

3.3

3.1

2.9

2.4

1.8e

0.3e

Portugal

4.8

2.3

3.8

3.1

2.7

1.8

2.6e

1.6e

Slovenia

7.1

3.0

2.5

1.6

1.4

1.1

0.7e

0.2e

Slovakia

9.0

2.4

2.6

2.4

3.0

3.2

2.9e

0.0e

Finland

3.0

0.6

0.4

0.5

0.5

1.1

0.8e

0.3e

e estimate

Source dataset: prc_hicp_manr

Euro area annual inflation down to 1.8% (3)

Notes for users

Revisions and timetable

The euro area inflation flash estimate is issued at the end of each reference month.

The complete set of harmonised indices of consumer prices (HICP) for the euro area, EU and Member States is released around the middle of the month following the reference month.

The next release with full data for September 2024 is scheduled for 17 October 2024.

Methods and definitions

Annual inflation is the change of 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 of the price level between the current month and the previous month.

Geographical information

The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the 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 incorporated using a chain index formula.

For more information

  • Website section on inflation

  • Database section on inflation

  • Statistics Explained article on inflation in the euro area

  • Metadata on inflation

  • Euro indicators dashboard

  • Release calendar for Euro indicators

  • European Statistics Code of Practice

Get in touch

Media requests

Eurostat Media Support

Phone: (+352) 4301 33 408

E-mail: eurostat-mediasupport@ec.europa.eu

Further information on data

E-mail: estat-hicp@ec.europa.eu

Share component will be rendered here.

'; /** Retrieve the order from the tooltip option */ var sortOrder = option.tooltip.order; /** Sort the 'params' array based on the 'sortOrder' parameter. */ switch (sortOrder) { /** Sort by series name in ascending order. */ case 'seriesAsc': params = params.sort((a, b) => a.seriesName.localeCompare(b.seriesName)); break; /** Sort by series name in descending order. */ case 'seriesDesc': params = params.sort((a, b) => b.seriesName.localeCompare(a.seriesName)); break; /** Sort by numerical value in ascending order. */ case 'valueAsc': params = params.sort((a, b) => parseFloat(a.value) - parseFloat(b.value)); break; /** Sort by numerical value in descending order. */ case 'valueDesc': params = params.sort((a, b) => parseFloat(b.value) - parseFloat(a.value)); break; /** Reverse the current order. */ case 'reverse': params.reverse(); break; default: break; } /** Iterate over each series in the tooltip parameters */ for (var i = 0; i < params.length; i++) { /** Retrieve the name and value of the current series */ var seriesName = params[i].seriesName; var value = params[i].value; /** Replace every specific apostrphe by simple one. */ seriesName = seriesName.replaceAll("’", "'"); /** Convert the numeric value to its string representation. */ var strValue = String(value); /** Retrieve the axis used as value */ var axis = option.yAxis.type === 'value' ? option.yAxis : option.xAxis; /** Initialize the number of decimal places */ var decimals = option.tooltip.decimals; /** Check if decimals configuration is set to default and the value contains decimal places */ if (!decimals && strValue.indexOf('.') > -1) { /** Calculate the number of decimal places */ decimals = strValue.substring(strValue.indexOf('.'), strValue.length - 1).length; } else { /** If there are no decimal places, format the value with 1 decimal place */ decimals = decimals ? decimals : 1; /** Convert the value to a fixed-point notation string with a specified number of decimal places. */ value = Number(value).toFixed(decimals); } /** Convert -0 value to 0 with the specified or calculated number of decimal places.*/ if (Number(value) == -0) { value = (Number(value) + 0).toFixed(decimals); } /** Extract the unit from within the axis label */ var unit = axis.axisLabel.unit ? axis.axisLabel.unit : ''; /** Format the value using the appropriate number of decimal places */ value = isNaN(value) ? 'N/A' : Number(value).toLocaleString(option.lang ? option.lang : 'en', { minimumFractionDigits: decimals }) + unit; /** Retrieve the color of the current series */ const color = params[i].color; /** * Add the series name and value to the tooltip content * Use a circle icon with the series color */ tooltipContent += '

' + '' + '' + '' + seriesName + '' + '' + '' + value + '' + '

'; } /** Close the tooltip content container */ tooltipContent += '

'; /** Return the formatted tooltip content */ return tooltipContent; }}/* * This content is licensed according to the W3C Software License at * https://www.w3.org/Consortium/Legal/2015/copyright-software-and-document * * File: sortable-table.js * * Desc: Adds sorting to a HTML data table that implements ARIA Authoring Practices */'use strict';class SortableTable { constructor(tableNode) { this.tableNode = tableNode; this.columnHeaders = tableNode.querySelectorAll('thead th.sortable'); this.sortColumns = []; for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (buttonNode) { this.sortColumns.push(i); // buttonNode.setAttribute('data-column-index', i); // buttonNode.addEventListener('click', this.handleClick.bind(this)); ch.setAttribute('data-column-index', i); ch.addEventListener('click', this.handleClick.bind(this)); } } this.optionCheckbox = document.querySelector( 'input[type="checkbox"][value="show-unsorted-icon"]' ); if (this.optionCheckbox) { this.optionCheckbox.addEventListener( 'change', this.handleOptionChange.bind(this) ); if (this.optionCheckbox.checked) { this.tableNode.classList.add('show-unsorted-icon'); } } } setColumnHeaderSort(columnIndex) { if (typeof columnIndex === 'string') { columnIndex = parseInt(columnIndex); } for (var i = 0; i < this.columnHeaders.length; i++) { var ch = this.columnHeaders[i]; var buttonNode = ch.querySelector('button'); if (i === columnIndex) { var value = ch.getAttribute('aria-sort'); if (value === 'ascending') { ch.setAttribute('aria-sort', 'descending'); this.sortColumn( columnIndex, 'descending', ch.classList.contains('num')); } else if (value === 'descending') { ch.removeAttribute('aria-sort'); this.sortColumn( columnIndex, 'initial', true ); } else { ch.setAttribute('aria-sort', 'ascending'); this.sortColumn( columnIndex, 'ascending', ch.classList.contains('num') ); } } else { if (ch.hasAttribute('aria-sort') && buttonNode) { ch.removeAttribute('aria-sort'); } } } } sortColumn(columnIndex, sortValue, isNumber) { function compareValues(a, b) { if (a.value === b.value) return 0; if (sortValue === 'descending') { return isNumber ? b.value - a.value : (a.value > b.value ? -1 : 1); } else { return isNumber ? a.value - b.value : (a.value < b.value ? -1 : 1); } } if (typeof isNumber !== 'boolean') { isNumber = false; } var tbodyNode = this.tableNode.querySelector('tbody'); var rowNodes = []; var dataCells = []; var rowNode = tbodyNode.firstElementChild; var index = 0; while (rowNode) { rowNodes.push(rowNode); var rowCells = rowNode.querySelectorAll('th, td'); var dataCell = rowCells[columnIndex]; var data = {}; data.index = index; if (sortValue !== 'initial') { data.value = dataCell.textContent.toLowerCase().trim(); } else { data.value = rowNode.getAttribute('initial-position').toLowerCase().trim(); } if (isNumber) { data.value = parseFloat(data.value); } dataCells.push(data); rowNode = rowNode.nextElementSibling; index += 1; } dataCells.sort(compareValues); // remove rows while (tbodyNode.firstChild) { tbodyNode.removeChild(tbodyNode.lastChild); } // add sorted rows for (var i = 0; i < dataCells.length; i += 1) { let pos = [dataCells[i].index]; if (sortValue === "initial") { rowNodes[pos].classList.remove("sorted"); } else { rowNodes[pos].classList.add("sorted"); } tbodyNode.appendChild(rowNodes[pos]); } } /* EVENT HANDLERS */ handleClick(event) { var tgt = event.currentTarget; this.setColumnHeaderSort(tgt.getAttribute('data-column-index')); } handleOptionChange(event) { var tgt = event.currentTarget; if (tgt.checked) { this.tableNode.classList.add('show-unsorted-icon'); } else { this.tableNode.classList.remove('show-unsorted-icon'); } }}$(document).ready(function() { load(); });;}());

Subscribe to receive the latest Eurostat Euro indicators releases

Subscribe
Euro area annual inflation down to 1.8% (2024)
Top Articles
Latest Posts
Recommended Articles
Article information

Author: Jerrold Considine

Last Updated:

Views: 5479

Rating: 4.8 / 5 (78 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Jerrold Considine

Birthday: 1993-11-03

Address: Suite 447 3463 Marybelle Circles, New Marlin, AL 20765

Phone: +5816749283868

Job: Sales Executive

Hobby: Air sports, Sand art, Electronics, LARPing, Baseball, Book restoration, Puzzles

Introduction: My name is Jerrold Considine, I am a combative, cheerful, encouraging, happy, enthusiastic, funny, kind person who loves writing and wants to share my knowledge and understanding with you.