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2025 Q1 - European Central Bank Core inflation is defined as the year on year percentage change in the euro area HICP special aggregate ‘all items excluding energy, food, alcohol and tobacco’, as published by Eurostat
Euro area monetary policy: Quarterly overview, March 2025 Headline inflation is now expected to decline from 2 4% in 2024 to 2 1% in 2025 and 1 9% in 2026, before rising slightly to 2 0% in 2027 Longer-term HICP inflation expectations (five years ahead) remain stable at 2 0%
Euro area annual inflation up to 2. 0% - Euro indicators - Eurostat Overview Euro area annual inflation is expected to be 2 0% in June 2025, up from 1 9% in May 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 June (3 3%, compared with 3 2% in May), followed by food, alcohol tobacco (3 1%, compared with 3 2%
Euro Area 2025 Outlook – Shifting from Inflation to Growth We expect headline inflation to rise further in the near term, peaking at a quarterly average rate of around 2 8% in Q1 2025 mainly due to service and energy price annual base effects, and slowly falling to just over 2 5% by end-2025
Euro area inflation rises to 2. 0 percent as EU inflation hits 2. 3 . . . A year earlier, the rate stood at 2 5 percent In the European Union, the annual inflation rate reached 2 3 percent in June 2025, up from 2 2 percent in May, compared to 2 6 percent a year prior, according to figures published by Eurostat, the statistical office of the European Union
Economic forecast for Ireland - European Commission HICP inflation remained low in early 2025, averaging 1 6% in the first quarter However, an uptick in food prices, along with a slower decline in energy prices and still elevated services inflation kept rates slightly higher than previous quarters
Macroeconomic projections - European Central Bank Inflation is projected to average 2 0% in 2025 and then 1 6% in 2026, before returning to 2 0% in 2027 Trade tensions and global uncertainty are clouding the outlook for the euro area economy, but defence and infrastructure spending, and rising household incomes, should bolster growth in the medium term