European Union Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- European Union inflation rate for 2023 was 6.30%, a 2.53% decline from 2022.
- European Union inflation rate for 2022 was 8.83%, a 6.28% increase from 2021.
- European Union inflation rate for 2021 was 2.55%, a 2.08% increase from 2020.
- European Union inflation rate for 2020 was 0.48%, a 1.15% decline from 2019.
| European Union Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
6.30% |
-2.53% |
| 2022 |
8.83% |
6.28% |
| 2021 |
2.55% |
2.08% |
| 2020 |
0.48% |
-1.15% |
| 2019 |
1.63% |
-0.11% |
| 2018 |
1.74% |
0.31% |
| 2017 |
1.43% |
1.25% |
| 2016 |
0.18% |
0.24% |
| 2015 |
-0.06% |
-0.26% |
| 2014 |
0.20% |
-1.02% |
| 2013 |
1.22% |
-1.44% |
| 2012 |
2.66% |
-0.63% |
| 2011 |
3.29% |
1.76% |
| 2010 |
1.53% |
0.69% |
| 2009 |
0.84% |
-3.33% |
| 2008 |
4.17% |
1.65% |
| 2007 |
2.51% |
-0.16% |
| 2006 |
2.67% |
0.18% |
| 2005 |
2.49% |
0.20% |
| 2004 |
2.29% |
0.19% |
| 2003 |
2.09% |
-0.33% |
| 2002 |
2.42% |
-0.95% |
| 2001 |
3.37% |
0.22% |
| 2000 |
3.15% |
0.99% |
| 1999 |
2.16% |
-0.25% |
| 1998 |
2.41% |
-0.70% |
| 1997 |
3.11% |
-0.45% |
| 1996 |
3.56% |
-0.87% |
| 1995 |
4.43% |
-0.29% |
| 1994 |
4.72% |
-0.14% |
| 1993 |
4.85% |
-1.36% |
| 1992 |
6.22% |
0.73% |
| 1991 |
5.48% |
-0.66% |
| 1990 |
6.15% |
-0.11% |
| 1989 |
6.26% |
1.72% |
| 1988 |
4.54% |
0.52% |
| 1987 |
4.02% |
0.34% |
| 1986 |
3.68% |
-1.72% |
| 1985 |
5.40% |
-2.28% |
| 1984 |
7.67% |
-1.00% |
| 1983 |
8.67% |
-0.92% |
| 1982 |
9.58% |
-2.18% |
| 1981 |
11.77% |
-1.14% |
| 1980 |
12.91% |
4.69% |
| 1979 |
8.22% |
0.47% |
| 1978 |
7.76% |
-2.01% |
| 1977 |
9.77% |
0.42% |
| 1976 |
9.35% |
-1.12% |
| 1975 |
10.47% |
-2.70% |
| 1974 |
13.16% |
5.41% |
| 1973 |
7.75% |
1.74% |
| 1972 |
6.01% |
0.77% |
| 1971 |
5.24% |
0.73% |
| 1970 |
4.51% |
1.83% |
| 1969 |
2.67% |
-0.57% |
| 1968 |
3.24% |
-0.08% |
| 1967 |
3.32% |
-0.38% |
| 1966 |
3.70% |
-0.28% |
| 1965 |
3.99% |
0.57% |
| 1964 |
3.42% |
0.49% |
| 1963 |
2.92% |
-0.63% |
| 1962 |
3.55% |
1.48% |
| 1961 |
2.08% |
0.34% |
| 1960 |
1.74% |
0.34% |
