Key figures on Europe – annual inflation rate

Key figures on Europe provides an overview of recent developments in the EU, covering topics from people and society to economy, business, environment and natural resources. Today, we focus on the economy, highlighting the inflation rate in the EU.

The inflation rate shows the change in the price of a basket of consumer goods and services. Inflation in the EU increased to 2.9% in 2021, followed by rapid price growth, up 9.2% in 2022. In 2023 and 2024, prices continued to rise, but at slower rates, increasing by 6.4% and 2.6%, respectively.

In 2024, prices increased by 4.0% or more in 3 EU countries: Romania (5.8%), Belgium (4.3%) and Croatia (4.0%).

Source dataset: prc_hicp_aind

The Key figures on Europe publication offers essential data on the EU and allows you to compare developments across EU members and EFTA countries. For a more detailed view of the EU’s performance in various fields, explore other Key figures publications as well.