Annual inflation stable at 2.0% in the euro area
Overview
The euro area annual inflation rate was 2.0% in July 2025, stable compared to June. A year earlier, the rate was 2.6%. European Union annual inflation was 2.4% in July 2025, up from 2.3% in June. A year earlier, the rate was 2.8%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Cyprus (0.1%), France (0.9%) and Ireland (1.6%). The highest annual rates were recorded in Romania (6.6%), Estonia (5.6%) and Slovakia (4.6%). Compared with June 2025, annual inflation fell in eight Member States, remained stable in six and rose in thirteen.
In July 2025, the highest contribution to the annual euro area inflation rate came from services (+1.46 percentage points, pp), followed by food, alcohol & tobacco (+0.63 pp), non-energy industrial goods (+0.18 pp) and energy (-0.23 pp).
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
Annual rate |
Monthly rate |
|||||||
Jul 24 |
Feb 25 |
Mar 25 |
Apr 25 |
May 25 |
Jun 25 |
Jul 25 |
Jul 25 |
|
Euro area |
2.6 |
2.3 |
2.2 |
2.2 |
1.9 |
2.0 |
2.0 |
0.0 |
EU |
2.8 |
2.7 |
2.5 |
2.4 |
2.2 |
2.3 |
2.4 |
0.1 |
Belgium |
5.4 |
4.4 |
3.6 |
3.1 |
2.8 |
2.9 |
2.6 |
-0.8 |
Bulgaria |
2.8 |
3.9 |
4.0 |
2.8 |
2.9 |
3.1 |
3.4 |
1.4 |
Czechia |
2.5 |
2.8 |
2.7 |
1.7 |
2.3 |
2.8 |
2.5 |
0.4 |
Denmark |
1.0 |
2.0 |
1.4 |
1.5 |
1.5 |
1.8 |
2.2 |
1.7 |
Germany |
2.6 |
2.6 |
2.3 |
2.2 |
2.1 |
2.0 |
1.8 |
0.4 |
Estonia |
3.5 |
5.1 |
4.3 |
4.4 |
4.6 |
5.2 |
5.6 |
0.6 |
Ireland |
1.5 |
1.4 |
1.8 |
2.0 |
1.4 |
1.6 |
1.6 |
0.2 |
Greece |
3.0 |
3.0 |
3.1 |
2.6 |
3.3 |
3.6 |
3.7 |
-0.3 |
Spain |
2.9 |
2.9 |
2.2 |
2.2 |
2.0 |
2.3 |
2.7 |
-0.3 |
France |
2.7 |
0.9 |
0.9 |
0.9 |
0.6 |
0.9 |
0.9 |
0.3 |
Croatia |
3.3 |
4.8 |
4.3 |
4.0 |
4.3 |
4.4 |
4.5 |
1.2 |
Italy |
1.6 |
1.7 |
2.1 |
2.0 |
1.7 |
1.8 |
1.7 |
-1.0 |
Cyprus |
2.4 |
2.3 |
2.1 |
1.4 |
0.4 |
0.5 |
0.1 |
0.4 |
Latvia |
0.8 |
3.7 |
3.5 |
4.0 |
3.7 |
3.9 |
3.9 |
0.1 |
Lithuania |
1.1 |
3.2 |
3.7 |
3.6 |
3.0 |
3.2 |
3.4 |
0.1 |
Luxembourg |
2.7 |
1.9 |
1.5 |
1.7 |
2.1 |
2.4 |
2.6 |
-0.3 |
Hungary |
4.1 |
5.7 |
4.8 |
4.2 |
4.5 |
4.6 |
4.2 |
0.4 |
Malta |
2.3 |
2.0 |
2.1 |
2.6 |
2.7 |
2.5 |
2.5 |
0.4 |
Netherlands |
3.5 |
3.5 |
3.4 |
4.1 |
2.9 |
2.8 |
2.5p |
1.0p |
Austria |
2.9 |
3.4 |
3.1 |
3.3 |
3.0 |
3.2 |
3.7 |
0.1 |
Poland |
4.0 |
4.3 |
4.4 |
3.7 |
3.5 |
3.4 |
2.9 |
0.3 |
Portugal |
2.7 |
2.5 |
1.9 |
2.1 |
1.7 |
2.1 |
2.5 |
-0.3 |
Romania |
5.8 |
5.2 |
5.1 |
4.9 |
5.4 |
5.8 |
6.6 |
1.3 |
Slovenia |
1.4 |
1.9 |
2.2 |
2.3 |
1.9 |
2.5 |
2.9 |
0.3 |
Slovakia |
3.0 |
4.1 |
4.2 |
3.9 |
4.3 |
4.6 |
4.6 |
0.4 |
Finland |
0.5 |
1.5 |
1.8 |
1.9 |
2.0 |
1.9 |
1.9 |
0.3 |
Sweden |
1.7 |
2.8 |
2.1 |
2.1 |
2.3 |
2.9 |
3.1 |
0.3 |
Iceland |
5.0 |
3.4 |
3.4 |
3.9 |
3.5 |
3.9 |
3.7 |
0.5 |
Norway |
2.4 |
3.3 |
2.3 |
2.1 |
2.7 |
2.7 |
3.1 |
0.9 |
Switzerland |
1.2 |
0.1 |
0.1 |
0.3 |
-0.2 |
0.2 |
0.1 |
0.3 |
p provisional Source dataset: prc_hicp_manr and prc_hicp_mmor
|
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Tables
Euro area inflation rate (%), selected aggregates |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
2025 |
Jul 24 |
Feb 25 |
Mar 25 |
Apr 25 |
May 25 |
Jun 25 |
Jul 25 |
Jul 25 |
|
All-items HICP |
1000.0 |
2.6 |
2.3 |
2.2 |
2.2 |
1.9 |
2.0 |
2.0 |
0.0 |
All-items excluding: energy |
906.0 |
2.7 |
2.6 |
2.5 |
2.8 |
2.5 |
2.5 |
2.5 |
-0.1 |
energy, unprocessed food |
863.4 |
2.8 |
2.6 |
2.5 |
2.7 |
2.4 |
2.4 |
2.4 |
-0.1 |
energy, food, alcohol & tobacco |
712.8 |
2.9 |
2.6 |
2.4 |
2.7 |
2.3 |
2.3 |
2.3 |
-0.2 |
energy, seasonal food |
881.7 |
2.8 |
2.6 |
2.5 |
2.7 |
2.5 |
2.4 |
2.5 |
-0.1 |
tobacco |
978.5 |
2.5 |
2.2 |
2.1 |
2.1 |
1.8 |
1.9 |
2.0 |
0.0 |
Food, alcohol & tobacco |
193.3 |
2.3 |
2.7 |
2.9 |
3.0 |
3.2 |
3.1 |
3.3 |
0.2 |
processed food, alcohol & tobacco |
150.6 |
2.7 |
2.6 |
2.6 |
2.4 |
2.9 |
2.6 |
2.7 |
0.3 |
unprocessed food |
42.7 |
1.0 |
3.0 |
4.2 |
4.9 |
4.3 |
4.6 |
5.4 |
-0.2 |
Energy |
94.0 |
1.2 |
0.2 |
-1.0 |
-3.6 |
-3.6 |
-2.6 |
-2.4 |
1.0 |
Non-energy industrial goods |
256.3 |
0.7 |
0.6 |
0.6 |
0.6 |
0.6 |
0.5 |
0.8 |
-2.4 |
Services |
456.5 |
4.0 |
3.7 |
3.5 |
4.0 |
3.2 |
3.3 |
3.2 |
1.1 |
Source dataset: prc_hicp_manr and prc_hicp_mmor
|
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Contributions to the euro area annual inflation rate (pp), selected aggregates |
|||||||
|---|---|---|---|---|---|---|---|
Jul 24 |
Feb 25 |
Mar 25 |
Apr 25 |
May 25 |
Jun 25 |
Jul 25 |
|
Food, alcohol & tobacco |
0.45 |
0.52 |
0.57 |
0.57 |
0.62 |
0.59 |
0.63 |
processed food, alcohol & tobacco |
0.41 |
0.39 |
0.39 |
0.37 |
0.43 |
0.40 |
0.40 |
unprocessed food |
0.05 |
0.13 |
0.18 |
0.21 |
0.18 |
0.19 |
0.23 |
Energy |
0.12 |
0.01 |
-0.10 |
-0.35 |
-0.34 |
-0.25 |
-0.23 |
Non-energy industrial goods |
0.19 |
0.14 |
0.16 |
0.15 |
0.16 |
0.13 |
0.18 |
Services |
1.82 |
1.66 |
1.56 |
1.80 |
1.47 |
1.51 |
1.46 |
Source dataset: prc_hicp_ctrb
|
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Notes for users
Revisions and timetable
A flash estimate of euro area inflation is issued at the end of each reference month. The euro area flash estimate for July 2025, published on 1 August 2025, was 2%.
The next flash estimate of euro area inflation with data for August 2025 is scheduled for 2 September 2025.
Methods and definitions
Annual inflation is the price change of consumer goods and services between the current month and the same month of the previous year. Monthly inflation is the price change between the current month and the previous month.
A contribution shows how much of the annual inflation rate comes from a particular component of the HICP. The contributions are calculated according to a method which ensures their additivity (allowing for rounding).
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 European Union includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.
The euro area and European Union data refer to the respective country compositions at a specific point in time. Changes in the composition of these aggregates are incorporated using a chain index formula.
For more information
Get in touch
Further information on data
E-mail: estat-hicp@ec.europa.eu