What Is The Inflation Rate In Europe 2024. Even an uptick in inflation is unlikely to spoil a fed rate cut in september. The hicp inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year.

This rate is forecast to continue to fall during the year, with forecasts showing that the annual inflation rate in the eurozone currency area should be between 2.4 and 3.2. The euro area annual inflation rate was 2.9% in december 2023, up from 2.4% in november.