Annual inflation up to 2.5% in the euro area
Overview
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. A year earlier, the rate was 2.8%. European Union annual inflation was 2.8% in January 2025, up from 2.7% in December 2024. A year earlier, the rate was 3.1%. These figures are published by Eurostat, the statistical office of the European Union.
The lowest annual rates were registered in Denmark (1.4%), Ireland, Italy and Finland (all 1.7%). The highest annual rates were recorded in Hungary (5.7%), Romania (5.3%) and Croatia (5.0%). Compared with December 2024, annual inflation fell in eight Member States, remained stable in four and rose in fifteen.
In January 2025, the highest contribution to the annual euro area inflation rate came from services (+1.77 percentage points, pp), followed by food, alcohol & tobacco (+0.45 pp), energy (+0.18 pp) and non-energy industrial goods (+0.12 pp).
Inflation rates (%) measured by the HICP |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Annual rate |
Monthly rate |
||||||
Jan 24 |
Aug 24 |
Sep 24 |
Oct 24 |
Nov 24 |
Dec 24 |
Jan 25 |
Jan 25 |
|
Euro area |
2.8 |
2.2 |
1.7 |
2.0 |
2.2 |
2.4 |
2.5 |
-0.3 |
EU |
3.1 |
2.4 |
2.1 |
2.3 |
2.5 |
2.7 |
2.8 |
0.0 |
Belgium |
1.5 |
4.3 |
4.3 |
4.5 |
4.8 |
4.4 |
4.4 |
-0.8 |
Bulgaria |
3.9 |
2.4 |
1.5 |
2.0 |
2.0 |
2.1 |
3.8 |
1.8 |
Czechia |
2.7 |
2.4 |
2.8 |
3.0 |
3.1 |
3.3 |
2.9 |
1.4 |
Denmark |
0.9 |
1.4 |
1.2 |
1.6 |
1.6 |
1.8 |
1.4 |
0.7 |
Germany |
3.1 |
2.0 |
1.8 |
2.4 |
2.4 |
2.8 |
2.8 |
-0.2 |
Estonia |
5.0 |
3.4 |
3.2 |
4.5 |
3.8 |
4.1 |
3.8 |
1.0 |
Ireland |
2.7 |
1.1 |
0.0 |
0.1 |
0.5 |
1.0 |
1.7 |
-0.7 |
Greece |
3.2 |
3.2 |
3.1 |
3.1 |
3.0 |
2.9 |
3.1 |
-0.7 |
Spain |
3.5 |
2.4 |
1.7 |
1.8 |
2.4 |
2.8 |
2.9 |
-0.1 |
France |
3.4 |
2.2 |
1.4 |
1.6 |
1.7 |
1.8 |
1.8 |
-0.2 |
Croatia |
4.8 |
3.0 |
3.1 |
3.6 |
4.0 |
4.5 |
5.0 |
0.2 |
Italy |
0.9 |
1.2 |
0.7 |
1.0 |
1.5 |
1.4 |
1.7 |
-0.8 |
Cyprus |
2.1 |
2.2 |
1.6 |
1.6 |
2.2 |
3.1 |
2.9 |
-1.4 |
Latvia |
1.1 |
0.9 |
1.6 |
2.1 |
2.3 |
3.4 |
3.1 |
0.5 |
Lithuania |
1.1 |
0.8 |
0.4 |
0.1 |
1.1 |
1.9 |
3.4 |
1.6 |
Luxembourg |
3.0 |
1.7 |
0.8 |
0.9 |
1.1 |
1.6 |
2.4 |
0.3 |
Hungary |
3.7 |
3.4 |
3.0 |
3.4 |
3.9 |
4.8 |
5.7 |
1.5 |
Malta |
3.7 |
2.4 |
2.1 |
2.4 |
2.1 |
1.8 |
1.8 |
-0.5 |
Netherlands |
3.1 |
3.3 |
3.3 |
3.3 |
3.8 |
3.9 |
3.0p |
-0.7p |
Austria |
4.3 |
2.4 |
1.8 |
1.8 |
1.9 |
2.1 |
3.4 |
0.9 |
Poland |
4.5 |
4.0 |
4.2 |
4.2 |
3.9 |
3.9 |
4.3p |
0.8p |
Portugal |
2.5 |
1.8 |
2.6 |
2.6 |
2.7 |
3.1 |
2.7 |
-0.6 |
Romania |
7.3 |
5.3 |
4.8 |
5.0 |
5.4 |
5.5 |
5.3 |
0.9 |
Slovenia |
3.4 |
1.1 |
0.7 |
0.0 |
1.6 |
2.0 |
2.3 |
-0.3 |
Slovakia |
4.4 |
3.2 |
2.9 |
3.5 |
3.6 |
3.2 |
4.2 |
1.8 |
Finland |
1.1 |
1.1 |
1.0 |
1.5 |
1.7 |
1.6 |
1.7 |
0.5 |
Sweden |
3.4 |
1.3 |
1.2 |
1.6 |
2.0 |
1.6 |
2.0 |
0.1 |
Iceland |
5.6 |
4.3 |
3.4 |
3.7 |
3.5 |
3.6 |
3.7 |
0.0 |
Norway |
4.6 |
2.3 |
2.7 |
2.2 |
1.9 |
1.7 |
1.9 |
0.0 |
Switzerland |
1.5 |
1.0 |
0.9 |
0.7 |
0.7 |
0.4 |
0.2 |
-0.1 |
p provisional Source dataset: prc_hicp_manr
|
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Tables
Euro area inflation rate (%), selected aggregates |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
Weights (‰) |
Annual rate |
Monthly rate |
|||||||
2025 |
Jan 24 |
Aug 24 |
Sep 24 |
Oct 24 |
Nov 24 |
Dec 24 |
Jan 25 |
Jan 25 |
|
All-items HICP |
1000.0 |
2.8 |
2.2 |
1.7 |
2.0 |
2.2 |
2.4 |
2.5 |
-0.3 |
All-items excluding: energy |
906.0 |
3.8 |
2.7 |
2.6 |
2.7 |
2.7 |
2.7 |
2.6 |
-0.6 |
energy, unprocessed food |
863.4 |
3.6 |
2.8 |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
-0.7 |
energy, food, alcohol & tobacco |
712.8 |
3.3 |
2.8 |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
-0.9 |
energy, seasonal food |
881.7 |
3.6 |
2.8 |
2.6 |
2.7 |
2.7 |
2.7 |
2.7 |
-0.7 |
tobacco |
978.5 |
2.7 |
2.0 |
1.6 |
1.9 |
2.1 |
2.3 |
2.4 |
-0.3 |
Food, alcohol & tobacco |
193.3 |
5.6 |
2.3 |
2.4 |
2.9 |
2.7 |
2.6 |
2.3 |
0.6 |
processed food, alcohol & tobacco |
150.6 |
5.2 |
2.7 |
2.6 |
2.8 |
2.8 |
2.9 |
2.6 |
0.5 |
unprocessed food |
42.7 |
6.9 |
1.1 |
1.6 |
3.0 |
2.3 |
1.6 |
1.4 |
1.0 |
Energy |
94.0 |
-6.1 |
-3.0 |
-6.1 |
-4.6 |
-2.0 |
0.1 |
1.9 |
3.0 |
Non-energy industrial goods |
256.3 |
2.0 |
0.4 |
0.4 |
0.5 |
0.6 |
0.5 |
0.5 |
-2.4 |
Services |
456.5 |
4.0 |
4.1 |
3.9 |
4.0 |
3.9 |
4.0 |
3.9 |
-0.1 |
Source dataset: prc_hicp_manr
|
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Contributions to the euro area annual inflation rate (pp), |
|||||||
|---|---|---|---|---|---|---|---|
Jan 24 |
Aug 24 |
Sep 24 |
Oct 24 |
Nov 24 |
Dec 24 |
Jan 25 |
|
Food, alcohol & tobacco |
1.13 |
0.46 |
0.47 |
0.56 |
0.53 |
0.51 |
0.45 |
processed food, alcohol & tobacco |
0.82 |
0.41 |
0.39 |
0.43 |
0.43 |
0.44 |
0.39 |
unprocessed food |
0.31 |
0.05 |
0.07 |
0.13 |
0.10 |
0.07 |
0.06 |
Energy |
-0.62 |
-0.29 |
-0.60 |
-0.45 |
-0.19 |
0.01 |
0.18 |
Non-energy industrial goods |
0.53 |
0.11 |
0.12 |
0.13 |
0.17 |
0.13 |
0.12 |
Services |
1.73 |
1.88 |
1.76 |
1.77 |
1.74 |
1.78 |
1.77 |
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 January 2025, published on 3 February 2025, was 2.5%.
The next flash estimate of euro area inflation with data for February 2025 is scheduled for 3 March 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.
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
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Phone: (+352) 4301 33 408
Further information on data
E-mail: estat-hicp@ec.europa.eu