International Inflation: Key Economic Indicators

Inflation in the EU can be compared using the standard Harmonised Index of Consumer Prices (HICP) or the CPI as it is known in the UK.

UK inflation, as measured by the CPI, was 7.0% in the year to March, up from 6.2% in February. This is the highest rate of CPI inflation since records began in 1997. Modelled figures indicate that this is the highest rate of inflation since March 1992. Inflation was 0.4% in February 2021.

EU inflation was 7.8% in March, up from 6.2% in February. EU inflation was 1.7% in March 2021.

Inflation in the Eurozone is provisionally estimated as 7.5% in April, up from 7.4% in March. This is a record high. Eurozone inflation was 1.6% in April 2021.

In Germany, inflation is provisionally estimated as 7.8% in April, up from 7.6% in March.

In France, inflation is provisionally estimated as 5.4% in April, up from 5.1% in March.

Lithuania had the highest inflation rate in the EU in March (15.6%). The lowest inflation rate was in Malta (4.5%).