Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year. This marks a significant drop from the rate in the Eurozone in 2023, which was 5.5 percent, and the rate is forecast to fall even further in 2025, to between 1.9 and 2.3 percent, nearing the European Central Bank's inflation target of two percent per annum.
Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters
The Harmonised Index of Consumer Prices (HICP) is used to measure the change over time in the prices of consumer goods and services purchased by euro area households.
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ECB. (December 14, 2023). Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/
ECB. "Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters." Chart. December 14, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/
ECB. (2023). Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/
ECB. "Forecasted Harmonized Index of Consumer Prices (Hicp) Inflation Rate for The Eurozone from 2024 to 2026, by Different Economic Forecasters." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/
ECB, Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters Statista, https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/ (last visited July 22, 2024)
Forecasted harmonized index of consumer prices (HICP) inflation rate for the Eurozone from 2024 to 2026, by different economic forecasters [Graph], ECB, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/1440325/forecasts-inflation-hicp-rate-european-union/
