Forecasts for the inflation rate of the Eurozone 2024-2026 by different institutions

Inflation in the Euro currency area, which hit a peak of 10.6 percent in October 2022, is set to continue to fall in 2024, as economic forecasts predict that the HICP inflation rate will be between 2.4 percent and 3.3 percent over the year. This marks a significant drop from the rate in the Eurozone in 2023, which was 5.5 percent, and the rate is forecast to fall even further in 2025, to between 1.9 and 2.3 percent, nearing the European Central Bank's inflation target of two percent per annum.