Euro Area: HICP (YoY) - All Items

Macro

2026-07-17

Description

The Harmonised Index of Consumer Prices (HICP) for the Euro Area is published by Eurostat. This index measures the price changes of a basket of goods and services across all Euro Area member countries, serving as a key indicator for assessing consumer price movements in the Euro Area. It is also a critical reference for the European Central Bank (ECB) when setting its medium-term inflation target of 2%.

An increase in the HICP typically indicates rising prices and heightened inflationary pressures, which could erode consumer purchasing power and prompt the central bank to consider adjusting interest rates. Conversely, a decrease in the HICP may signal reduced price pressures, with inflation stabilizing or declining.

This data is released monthly, providing year-over-year price changes for all goods and services within the Euro Area for the preceding month.

Published by
Eurostat (Choice)
Frequency
Monthly
Next Update
Hashtags
Consumption CPI Euro Area

AI Data Insight

The year-over-year growth rate of the Eurozone's Harmonised Index of Consumer Prices (HICP) in June 2026 fell significantly to 2.8% from the previous 3.2%, outperforming market expectations of 3.0%. Among the components, price increases for both energy and services slowed concurrently, and core inflation also dropped to 2.4%. As overall price pressures ease, the market expects the European Central Bank (ECB) to maintain interest rates unchanged at its July meeting.

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AI Data Insight

The year-over-year growth rate of the Eurozone's Harmonised Index of Consumer Prices (HICP) in June 2026 fell significantly to 2.8% from the previous 3.2%, outperforming market expectations of 3.0%. Among the components, price increases for both energy and services slowed concurrently, and core inflation also dropped to 2.4%. As overall price pressures ease, the market expects the European Central Bank (ECB) to maintain interest rates unchanged at its July meeting.

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Macro
Description

The Harmonised Index of Consumer Prices (HICP) for the Euro Area is published by Eurostat. This index measures the price changes of a basket of goods and services across all Euro Area member countries, serving as a key indicator for assessing consumer price movements in the Euro Area. It is also a critical reference for the European Central Bank (ECB) when setting its medium-term inflation target of 2%.

An increase in the HICP typically indicates rising prices and heightened inflationary pressures, which could erode consumer purchasing power and prompt the central bank to consider adjusting interest rates. Conversely, a decrease in the HICP may signal reduced price pressures, with inflation stabilizing or declining.

This data is released monthly, providing year-over-year price changes for all goods and services within the Euro Area for the preceding month.

Published by
Eurostat (Choice)
Frequency
Monthly
Next Update
Hashtags
Consumption CPI Euro Area