Inflation in Europe (HICP) Current and historic European inflation (harmonised consumer price index)
This page shows the current and historic inflation figures for Europe based on the harmonised consumer price index (HICP).
|
Month
|
Inflation rate
|
|---|---|
|
November 2024
|
2.24 %
|
|
October 2024
|
2.01 %
|
|
September 2024
|
1.74 %
|
|
August 2024
|
2.17 %
|
|
July 2024
|
2.59 %
|
|
June 2024
|
2.52 %
|
|
May 2024
|
2.56 %
|
|
April 2024
|
2.37 %
|
|
March 2024
|
2.43 %
|
|
February 2024
|
2.58 %
|
|
January 2024
|
2.78 %
|
|
December 2023
|
2.93 %
|
|
Month
|
Inflation rate
|
|---|---|
|
November 2024
|
-0.33 %
|
|
October 2024
|
0.35 %
|
|
September 2024
|
-0.09 %
|
|
August 2024
|
0.13 %
|
|
July 2024
|
-0.02 %
|
|
June 2024
|
0.21 %
|
|
May 2024
|
0.21 %
|
|
April 2024
|
0.58 %
|
|
March 2024
|
0.76 %
|
|
February 2024
|
0.61 %
|
|
January 2024
|
-0.35 %
|
|
December 2023
|
0.16 %
|
Chart - historical HICP inflation Europe
Historical Inflation ratesOur content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
What is the European inflation based on HICP?
Two important consumer inflation figures are recorded in many European countries: the consumer price index (CPI) and the harmonised consumer price index (HICP). The CPI is often the official consumer price inflation rate which is recorded in the country itself. The HICP was created specially in order to be able to compare European inflation figures.
On this page the focus is on the European HICP. This inflation figure shows the change in price of a standard package of goods and services which households in Europe purchase for consumption. To determine the rate of inflation in Europe, the percentage increase in the HICP over a given period is calculated. If the percentage is negative then we are dealing with deflation.