June 18, 2024EU AND EURO AREA CONSUMER PRICE INDEX, MAY 2024 Year-over-year (April 2024 vs April 2023)
The inflation rate rose to 2.7% in the European Union and to 2.6% in the Euro Area in May 2024.
![](https://novascotia.ca/finance/statistics/media/20240618-euCPIm1.jpg)
The fastest inflation was reported in Romania (5.8%) while the slowest inflation rates were in Latvia and Finland (0.0% and 0.4% respectively).
![](https://novascotia.ca/finance/statistics/media/20240618-euCPIm2.jpg)
Energy prices rose 0.5% in the European Union and 0.3% in the Euro Area in May 2024.
![](https://novascotia.ca/finance/statistics/media/20240618-euCPIm3.jpg)
Food price inflation has continued to slow to 1.4% for the European Union and remained unchanged at 1.9% in the Euro Area in May 2024.
![](https://novascotia.ca/finance/statistics/media/20240618-euCPIm4.jpg)
Excluding the impacts of energy, food, alcohol and tobacco prices year-over-year inflation rose to 3.2% in the European Union and to 2.9% in the Euro Area in May 2024.
![](https://novascotia.ca/finance/statistics/media/20240618-euCPIm5.jpg)
Source: Eurostat; Eurostat Data