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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

August 20, 2024
EU AND EURO AREA CONSUMER PRICE INDEX, JULY 2024

Year-over-year (July 2024 vs July 2023)

The inflation rate rose to 2.8% in the European Union and to 2.6% in the Euro Area in July 2024.

The fastest inflation was reported in Belgium and Romania while the slowest inflation rates were in Finland, Latvia, and Denmark.

Energy prices rose 1.8% in the European Union and 1.2% Euro Area in July 2024.

Food price inflation has continued to slow to 1.3% for the European Union and 1.4% in the Euro Area in July 2024. 

Excluding the impacts of energy, food, alcohol and tobacco prices year-over-year inflation remained at 3.1% in the European Union and at 2.9% in the Euro Area in July 2024.

Source: Eurostat; Eurostat Data



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