Euro Area Inflation Rate
The inflation rate In the Euro Area was recorded at 0.40 percent in July of 2014. Inflation Rate in the Euro Area averaged 2.19 Percent from 1991 until 2014, reaching an all time high of 5 Percent in July of 1991 and a record low of -0.70 Percent in July of 2009. Inflation Rate in the Euro Area is reported by the Eurostat.
||1991 - 2014
In 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 - Euro Area Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.