Inflation 2024 Europe. The hicp is compiled by eurostat, the statistical office of the european union, and the national statistical institutes of eu member states. Prices eased for energy (0.2% vs 0.3%) and food, alcohol and tobacco (2.4% vs 2.6%).

Natural gas prices soared at the start of russia’s war in ukraine in early 2022, helping drive euro zone inflation into double digits by the autumn of that year and setting off the ecb’s steepest. Consumer prices rose 2.6% from a year earlier in.