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Euro Area Inflation Rate

This is a syndicated repost published with the permission of Trading Economics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Inflation Rate In the Euro Area increased to 5.90 percent in February from 5.10 percent in January of 2022. Inflation Rate in the Euro Area averaged 1.96 percent from 1991 until 2022, reaching an all time high of 5.90 percent in February of 2022 and a record low of -0.60 percent in July of 2009. in the Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes. This page provides the latest reported value for – Euro Area Inflation Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

source: tradingeconomics.com

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