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European prices

Consumer prices, rents, house prices and where groceries cost more — the price side of the euro-area economy, from official Eurostat data. Inflation rates say how fast prices are changing; price levels say where they are high.

Food inflation here is the HICP aggregate "food including alcohol and tobacco" — the component the ECB reports alongside energy, non-energy industrial goods and services. It covers more than the grocery basket.

House prices are not part of consumer-price inflation. The House Price Index measures the transaction prices of dwellings bought by households; the HICP measures the prices of goods and services consumed. Owner-occupied housing is not in headline HICP.

This is a price level, not an inflation rate: it compares what the same basket of food and non-alcoholic beverages costs in each country in one year, with the EU average set at 100. A higher number means groceries cost more than the EU average.

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