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Eurozone / Economy

Eurozone Inflation Rate (CPI/HICP)

Eurozone's headline Consumer Price Index (CPI) measures the monthly change in the price level of a representative basket of consumer goods and services. It is the primary inflation measure monitored by the European Central Bank.

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Why Inflation Rate (CPI/HICP) matters for EUR

Central banks, including the European Central Bank, set policy rates in response to inflation. An above-target CPI print increases the probability of a rate hike, which is typically eur-positive, while below-target inflation raises rate-cut odds and can weaken the currency.

How to interpret this series

An inflation reading above consensus or above the European Central Bank's target band is hawkish and supports the eur. A downside surprise is dovish and tends to weigh on the currency, particularly when inflation has been trending lower for several months.

Historical Inflation Rate (CPI/HICP)

Source: Eurostat. Cadence: Monthly. Unit: %YoY. History from 2000-01-01 (26.5 years).

Historical chart data is temporarily unavailable.

Recent announcements

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Common questions

Editorial context for readers and AI agents using this page as a cited country indicator source.

What is the European Central Bank's inflation target?

Most major central banks target annual inflation near 2%. Check the European Central Bank's current monetary policy statement for the official target.

How is headline CPI different from core CPI?

Headline CPI includes all items, notably food and energy, which are volatile. Core CPI strips these out to give a cleaner read of underlying price pressure.

Which currency endpoint serves Eurozone CPI data?

Historical CPI data for Eurozone is available at /api/v1/announcements/eur/inflation.