Inflation (11/2020): 0.3 %
The inflation figures presented on this page come from Eurostat.
You can also use the calculator on the page to estimate future inflation. The calculator estimates future inflation by assuming that the inflation rate of the past year will continue.
These figures may differ significantly from national figures. The difference is due to the costs of owner-occupied housing. Eurostat's inflation does not take into account, for example, changes in house prices or mortgage interest rates.
The Eurostat consumer price index is called HICP (Harmonised indices of consumer prices).
The European Central Bank aims to keep the annual rate of change of this harmonised consumer price index, that is inflation, at two percent over the medium term.
In addition to these inflation figures, core inflation is also measured. It is calculated from the harmonised consumer price index by removing the effect of energy, food, alcohol and tobacco. The prices of these products can fluctuate significantly.
The European Central Bank is interested in the development of core inflation, as it provides a better picture of the direction inflation is heading.
When the consumer price index at a certain point in time i2 and the same index a year earlier i1 are known, inflation can be calculated simply as the percentage change in the index:
See also formula: How many percent is the number higher/lower?
The source of the data is Eurostat.