Euro area annual inflation down to 1.9%
Euro area annual inflation is expected to be 1.9% in May 2025, down from 2.2% in April according to a flash estimate from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in May (3.3%, compared with 3.0% in April), followed by services (3.2%, compared with 4.0% in April), non-energy industrial goods (0.6%, stable compared with April) and energy (-3.6%, stable compared with April).
Tables
Euro area annual inflation and its components (%) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
2025 |
May 24 |
Dec 24 |
Jan 25 |
Feb 25 |
Mar 25 |
Apr 25 |
May 25 |
May 25 |
|
All-items HICP |
1000.0 |
2.6 |
2.4 |
2.5 |
2.3 |
2.2 |
2.2 |
1.9e |
0.0e |
All-items excluding: energy |
906.0 |
2.8 |
2.7 |
2.6 |
2.6 |
2.5 |
2.8 |
2.5e |
0.1e |
energy, unprocessed food |
863.4 |
2.9 |
2.7 |
2.7 |
2.6 |
2.5 |
2.7 |
2.4e |
0.1e |
energy, food, alcohol & tobacco |
712.8 |
2.9 |
2.7 |
2.7 |
2.6 |
2.4 |
2.7 |
2.3e |
0.0e |
Food, alcohol & tobacco |
193.3 |
2.6 |
2.6 |
2.3 |
2.7 |
2.9 |
3.0 |
3.3e |
0.5e |
processed food, alcohol & tobacco |
150.6 |
2.8 |
2.9 |
2.6 |
2.6 |
2.6 |
2.4 |
2.9e |
0.6e |
unprocessed food |
42.7 |
1.8 |
1.6 |
1.4 |
3.0 |
4.2 |
4.9 |
4.4e |
0.1e |
Energy |
94.0 |
0.3 |
0.1 |
1.9 |
0.2 |
-1.0 |
-3.6 |
-3.6e |
-1.2e |
Non-energy industrial goods |
256.3 |
0.7 |
0.5 |
0.5 |
0.6 |
0.6 |
0.6 |
0.6e |
0.1e |
Services |
456.5 |
4.1 |
4.0 |
3.9 |
3.7 |
3.5 |
4.0 |
3.2e |
-0.1e |
e estimate Source dataset: prc_hicp_manr
|
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Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
Annual rate |
Monthly rate |
|||||||
May 24 |
Dec 24 |
Jan 25 |
Feb 25 |
Mar 25 |
Apr 25 |
May 25 |
May 25 |
|
Belgium |
4.9 |
4.4 |
4.4 |
4.4 |
3.6 |
3.1 |
2.8e |
-0.1e |
Germany |
2.8 |
2.8 |
2.8 |
2.6 |
2.3 |
2.2 |
2.1e |
0.2e |
Estonia |
3.1 |
4.1 |
3.8 |
5.1 |
4.3 |
4.4 |
4.6e |
0.1e |
Ireland |
2.0 |
1.0 |
1.7 |
1.4 |
1.8 |
2.0 |
1.4e |
0.0e |
Greece |
2.4 |
2.9 |
3.1 |
3.0 |
3.1 |
2.6 |
3.3e |
0.3e |
Spain |
3.8 |
2.8 |
2.9 |
2.9 |
2.2 |
2.2 |
1.9e |
-0.1e |
France |
2.6 |
1.8 |
1.8 |
0.9 |
0.9 |
0.9 |
0.6e |
-0.2e |
Croatia |
4.3 |
4.5 |
5.0 |
4.8 |
4.3 |
4.0 |
4.3e |
0.6e |
Italy |
0.8 |
1.4 |
1.7 |
1.7 |
2.1 |
2.0 |
1.9e |
0.1e |
Cyprus |
3.0 |
3.1 |
2.9 |
2.3 |
2.1 |
1.4 |
0.4e |
0.2e |
Latvia |
0.0 |
3.4 |
3.1 |
3.7 |
3.5 |
4.0 |
3.7e |
0.1e |
Lithuania |
0.9 |
1.9 |
3.4 |
3.2 |
3.7 |
3.6 |
3.0e |
-0.3e |
Luxembourg |
3.2 |
1.6 |
2.4 |
1.9 |
1.5 |
1.7 |
2.1e |
0.5e |
Malta |
2.3 |
1.8 |
1.8 |
2.0 |
2.1 |
2.6 |
2.6e |
1.6e |
Netherlands |
2.7 |
3.9 |
3.0 |
3.5 |
3.4 |
4.1 |
3.0e |
-0.9e |
Austria |
3.3 |
2.1 |
3.4 |
3.4 |
3.1 |
3.3 |
3.0e |
-0.1e |
Portugal |
3.8 |
3.1 |
2.7 |
2.5 |
1.9 |
2.1 |
1.7e |
0.7e |
Slovenia |
2.5 |
2.0 |
2.3 |
1.9 |
2.2 |
2.3 |
1.9e |
-0.1e |
Slovakia |
2.6 |
3.2 |
4.2 |
4.1 |
4.2 |
3.9 |
4.3e |
0.5e |
Finland |
0.4 |
1.6 |
1.7 |
1.5 |
1.8 |
1.9 |
2.1e |
0.2e |
e estimate Source dataset: prc_hicp_manr
|
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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 May 2025 is scheduled for 18 June 2025.
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
Get in touch
Further information on data
E-mail: estat-hicp@ec.europa.eu