86/2022 - 29 July 2022 - Euro area annual inflation up to 8.9% - flash estimate

Oct 12, 2026

Upload by Jasmine

Flash estimate for July 2022 shows euro area annual inflation reaching 8.9%, up from 8.6% in June, according to Eurostat. Energy is expected to drive the increase at 39.7% (down from 42.0%), followed by food, alcohol and tobacco at 9.8% (up from 8.9%). Other components include non-energy industrial goods at 4.5% and services at 3.7%. Data definitions cover annual and monthly inflation, plus euro area release timing.

LanguageEnglish

CategoryPresentations

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Flash estimate and headline inflation

Main components of inflation

Inflation rates by country and monthly rate

Geographical coverage and data methods

Revisions, timetable and further information

86/2022 - 29 July 2022 Flash estimate-July 2022 Euro area annual inflation up to 8.9% Euro area annual inflation is expected to be 8.9% in July 2022, up from 8.6% in June according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in July (39 .7%, compared with 42.0% in June), followed by food, alcohol & tobacco (9 .8%, compared with 8.9% in June), non-energy industrial goods (4 .5%, compared with 4.3% in June) and services (3 .7%, compared with 3.4% in June) . Euro area annual inflation, July 2022,% 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 | | | | | A | ll-items
Food t | HI
, alco
obacc | CP
hol & o | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | | | | | | | No
Servi | n-eneg
ces | rgyin
oods | dustr | ial | | | | | | | | | | | | | | | Euro area annual inflation and its components,% | | Weights
(‰) | Annual rate | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2022 | Jul 21 | Feb 22 | Mar 22 | Apr 22 | May 22 | Jun 22 | Jul 22 | | All-items HICP | 1000.0 | 2.2 | 5.9 | 7.4 | 7.4 | 8.1 | 8.6 | 8.9e | | All-items excluding:
> energy | 890.7 | 0.9 | 3.1 | 3.4 | 4.1 | 4.6 | 4.9 | 5.4e | | > energy, unprocessed food | 841.2 | 0.9 | 2.9 | 3.2 | 3.9 | 4.4 | 4.6 | 5.0e | | > energy, food, alcohol & tobacco | 681.8 | 0.7 | 2.7 | 3.0 | 3.5 | 3.8 | 3.7 | 4.0e | | Food, alcohol & tobacco | 208.9 | 1.6 | 4.2 | 5.0 | 6.3 | 7.5 | 8.9 | 9.8e | | > processed food, alcohol & tobacco | 159.4 | 1.5 | 3.5 | 4.1 | 5.4 | 7.0 | 8.2 | 9.4e | | > unprocessed food | 49.5 | 1.9 | 6.2 | 7.8 | 9.2 | 9.0 | 11.2 | 11.0e | | Energy | 109.3 | 14.3 | 32.0 | 44.3 | 37.5 | 39.1 | 42.0 | 39.7e | | Non-energy industrial goods | 265.2 | 0.7 | 3.1 | 3.4 | 3.8 | 4.2 | 4.3 | 4.5e | | Services | 416.7 | 0.9 | 2.5 | 2.7 | 3.3 | 3.5 | 3.4 | 3.7e | | Monthly
rate | | --- | | Jul 22 | | 0.1e | | 0.1e | | 0.1e | | -0.2e | | 0.8e | | 1.4e | | -0.9e | | 0.4e | | -2.2e | | 1. 1e | e estimate Inflation rates (%) measured by the HICP | | Annual rate | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | Jul 21 | Feb 22 | Mar 22 | Apr 22 | May 22 | Jun 22 | Jul 22 | | Belgium | 1.4 | 9.5 | 9.3 | 9.3 | 9.9 | 10.5 | 10.4e | | Germany | 3.1 | 5.5 | 7.6 | 7.8 | 8.7 | 8.2 | 8.5e | | Estonia | 4.9 | 11.6 | 14.8 | 19.1 | 20.1 | 22.0 | 22.7e | | Ireland | 2.2 | 5.7 | 6.9 | 7.3 | 8.3 | 9.6 | 9.6e | | Greece | 0.7 | 6.3 | 8.0 | 9.1 | 10.5 | 11.6 | 11.5e | | Spain | 2.9 | 7.6 | 9.8 | 8.3 | 8.5 | 10.0 | 10.8e | | France | 1.5 | 4.2 | 5.1 | 5.4 | 5.8 | 6.5 | 6.8e | | Italy | 1.0 | 6.2 | 6.8 | 6.3 | 7.3 | 8.5 | 8.4e | | Cyprus | 2.7 | 5.8 | 6.2 | 8.6 | 8.8 | 9.0 | 10.6e | | Latvia | 2.8 | 8.8 | 11.5 | 13.1 | 16.8 | 19.2 | 21.0e | | Lithuania | 4.3 | 14.0 | 15.6 | 16.6 | 18.5 | 20.5 | 20.8e | | Luxembourg | 3.3 | 7.8 | 7.9 | 9.0 | 9.1 | 10.3 | 9.3e | | Malta | 0.3 | 4.2 | 4.5 | 5.4 | 5.8 | 6.1 | 6.5e | | Netherlands | 1.4 | 7.3 | 11.7 | 11.2 | 10.2 | 9.9 | 11.6e | | Austria | 2.8 | 5.5 | 6.6 | 7.1 | 7.7 | 8.7 | 9.3e | | Portugal | 1.1 | 4.4 | 5.5 | 7.4 | 8.1 | 9.0 | 9.4e | | Slovenia | 2.0 | 7.0 | 6.0 | 7.4 | 8.7 | 10.8 | 11.7e | | Slovakia | 2.9 | 8.3 | 9.6 | 10.9 | 11.8 | 12.6 | 12.8e | | Finland | 1.8 | 4.4 | 5.8 | 5.8 | 7.1 | 8.1 | 7.9e | | Monthly
rate | | --- | | Jul 22 | | -0.6e | | 0.8e | | 1.7e | | 0.4e | | -1.4e | | -0.5e | | 0.3e | | -1. 1e | | 1.7e | | 1.9e | | 0.7e | | -1.3e | | 0.5e | | 2.1e | | 0.5e | | 0.0e | | 0.9e | | 0.6e | | 0.1e | e estimate Source dataset: prc hicp manr Geographical information The euro area consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lith

FAQs

What is the euro area annual inflation estimate for July 2022?

Euro area annual inflation is expected to be 8.9% in July 2022, up from 8.6% in June.

Which inflation component is expected to have the highest annual rate in July 2022?

Energy is expected to have the highest annual rate in July 2022 at 39.7%.

How are annual and monthly inflation defined in the document?

Annual inflation is the change in the price level between the current month and the same month of the previous year, while monthly inflation is the change between the current month and the previous month.

Oct 12, 2026

Upload by Jasmine