Euro area annual inflation down to 2.2%

Euro area annual inflation is expected to be 2.2% in March 2025, down from 2.3% in February according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in March (3.4%, compared with 3.7% in February), followed by food, alcohol & tobacco (2.9%, compared with 2.7% in February), non-energy industrial goods (0.6%, stable compared with February) and energy (-0.7%, compared with 0.2% in February).

Euro area annual inflation - March 2025, %

Tables

Euro area annual inflation and its components (%)
	Weights (‰)	Annual rate							Monthly rate
	2025	Mar 24	Oct 24	Nov 24	Dec 24	Jan 25	Feb 25	Mar 25	Mar 25
All-items HICP	1000.0	2.4	2.0	2.2	2.4	2.5	2.3	2.2e	0.6e
All-items excluding: energy	906.0	2.9	2.7	2.7	2.7	2.6	2.6	2.5e	0.8e
energy, unprocessed food	863.4	3.1	2.7	2.7	2.7	2.7	2.6	2.4e	0.8e
energy, food, alcohol & tobacco	712.8	2.9	2.7	2.7	2.7	2.7	2.6	2.4e	1.0e
Food, alcohol & tobacco	193.3	2.6	2.9	2.7	2.6	2.3	2.7	2.9e	0.3e
processed food, alcohol & tobacco	150.6	3.5	2.8	2.8	2.9	2.6	2.6	2.6e	0.2e
unprocessed food	42.7	-0.5	3.0	2.3	1.6	1.4	3.0	4.1e	0.4e
Energy	94.0	-1.8	-4.6	-2.0	0.1	1.9	0.2	-0.7e	-1.2e
Non-energy industrial goods	256.3	1.1	0.5	0.6	0.5	0.5	0.6	0.6e	1.9e
Services	456.5	4.0	4.0	3.9	4.0	3.9	3.7	3.4e	0.4e
e estimate Source dataset: prc_hicp_manr

Inflation rates (%) measured by the HICP
	Annual rate							Monthly r ate
	Mar 24	Oct 24	Nov 24	Dec 24	Jan 25	Feb 25	Mar 25	Mar 25
Belgium	3.8	4.5	4.8	4.4	4.4	4.4	3.6e	-0.4e
Germany	2.3	2.4	2.4	2.8	2.8	2.6	2.3e	0.4e
Estonia	4.1	4.5	3.8	4.1	3.8	5.1	4.3e	-0.3e
Ireland	1.7	0.1	0.5	1.0	1.7	1.4	1.8e	0.7e
Greece	3.4	3.1	3.0	2.9	3.1	3.0	3.1e	1.8e
Spain	3.3	1.8	2.4	2.8	2.9	2.9	2.2e	0.7e
France	2.4	1.6	1.7	1.8	1.8	0.9	0.9e	0.2e
Croatia	4.9	3.6	4.0	4.5	5.0	4.8	4.3e	0.5e
Italy	1.2	1.0	1.5	1.4	1.7	1.7	2.1e	1.6e
Cyprus	1.6	1.6	2.2	3.1	2.9	2.3	2.1e	0.5e
Latvia	1.0	2.1	2.3	3.4	3.1	3.7	3.6e	1.0e
Lithuania	0.4	0.1	1.1	1.9	3.4	3.2	3.6e	0.4e
Luxembourg	3.2	0.9	1.1	1.6	2.4	1.9	1.5e	-0.1e
Malta	2.7	2.4	2.1	1.8	1.8	2.0	2.0e	1.0e
Netherlands	3.1	3.3	3.8	3.9	3.0	3.5	3.4e	0.5e
Austria	4.1	1.8	1.9	2.1	3.4	3.4	3.1e	0.3e
Portugal	2.6	2.6	2.7	3.1	2.7	2.5	1.9e	1.7e
Slovenia	3.4	0.0	1.6	2.0	2.3	1.9	2.2e	0.8e
Slovakia	2.7	3.5	3.6	3.2	4.2	4.1	4.3e	0.4e
Finland	0.6	1.5	1.7	1.6	1.7	1.5	1.9e	0.2e
e estimate Source dataset: prc_hicp_manr

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 March 2025 is scheduled for 16 April 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.