Key figures on Europe provides an overview of recent developments in the EU, covering topics from people and society to economy, business, environment and natural resources. Today, we focus on the economy, highlighting the inflation rate in the EU.
The inflation rate shows the change in the price of a basket of consumer goods and services. Inflation in the EU increased to 2.9% in 2021, followed by rapid price growth, up 9.2% in 2022. In 2023 and 2024, prices continued to rise, but at slower rates, increasing by 6.4% and 2.6%, respectively. (....)