Olan McEvoy
Research expert covering the European Union for society, economy, and politics.
Get in touch with us nowThe inflation rate for housing and energy in the European Union peaked at 23.3 percent in October of 2022, after which it declined rapidly, passing into deflation (a decline in the absolute price level) by September 2023. In December 2023, the rate of inflation was -1.3 percent. During that month, the inflation rate for the EU economy as a whole was 3.4 percent.
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