Energy prices in the Euro Area increased 0.1% year-on-year in December 2024, the first rise since July, compared to a 2% fall in November. Energy Inflation in Euro area averaged 3.83 percent from 1991 until 2024, reaching an all time high of 44.30 percent in March of 2022 and a record low of -14.40 percent in July of 2009. source: Eurostat
Energy Inflation in Euro area is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Energy Inflation is projected to trend around 2.00 percent in 2026, according to our econometric models.