What drives European inflation?
What drives European inflation? Energy imports, wage negotiations, and uneven recovery across the eurozone all play a role. Each row traces a chain of real events that pushed inflation higher or lower, month by month.
✉️ Track chains of events as they happen. Free.
MAR 1 – MAR 31, 2026
blockade
→oil production decline
→🌍 oil price rise
🇫🇷 energy price decline moderation
🇫🇷 food price rise
🕌 oil price rise
🇮🇷 geopolitical tension rise
→🌍 energy price rise
🇮🇷 conflict escalation
→trade route disruption
→🌍 energy price rise
🕌 military attack
→🇸🇦 oil production decline
→🌍 oil price rise
🕌 geopolitical conflict escalation
🇮🇷 war escalation
→🌍 fuel supply disruption
→🌍 oil price rise
🕌 oil production decline
→🌍 energy price rise
🕌 energy price rise
🕌 war escalation
→🌍 energy price rise
🕌 war escalation
→🌍 energy price rise
🕌 geopolitical conflict
🕌 war escalation
→🌍 natural gas price rise
🌍 energy cost rise
🇸🇦 drone strikes on refinery
→🌍 oil price rise
🇮🇷 geopolitical turmoil rise
→🌍 oil price rise
🕌 war escalation
→🌍 gas cost rise
✉️ Track chains of events as they happen. Free.
FEB 1 – FEB 28, 2026
🇫🇷 energy price decline moderation
🇫🇷 food inflation
🇫🇷 service inflation rise
🇪🇺 currency appreciation
🇨🇳 import cost decline
🇩🇪 input cost rise
🇫🇷 cost decline
→🇫🇷 inflation drop
🇫🇷 cost decline
JAN 1 – JAN 31, 2026
🇩🇪 food cost rise
🇬🇧 liquor & tobacco price rise
→🇬🇧 inflation rise
→🇬🇧 rate cut expectation decline
→🇬🇧 currency appreciation
🇬🇧 tax rise
🇬🇧 energy cost rise
🇬🇧 cost rise
🇬🇧 liquor & tobacco price rise
🇬🇧 processed food price rise
→🇬🇧 food cost rise
🇫🇷 energy cost decline
🇬🇧 food cost rise
DEC 1 – DEC 31, 2025
🇺🇸 oil production rise
→🌍 oil price decline
🌍 food cost rise
🌍 car price rise
🇬🇧 gdp stagnation
🇬🇧 unemployment rise
🇬🇧 discount rise
🇪🇺 service fee rise
NOV 1 – NOV 30, 2025
🇬🇧 energy cost decline
🇬🇧 hotel price decline
🇬🇧 wage growth decline
🇬🇧 lending rate hold
🇬🇧 interest rate steady
OCT 1 – OCT 31, 2025
🇫🇷 food inflation moderation
🇫🇷 energy cost decline
🇺🇸 tariff rise
🇪🇺 energy price decline slowdown
🇬🇧 labor cost rise
🇩🇪 service activity rise
→🇩🇪 private sector growth
SEP 1 – SEP 30, 2025
🇬🇧 wage growth decline
AUG 1 – AUG 31, 2025
🇫🇷 wage rise
🌍 raw material price rise
🇬🇧 motor fuel cost rise
🇬🇧 airfare rise
🇬🇧 food cost rise
🇬🇧 sea fare rise
🇬🇧 hotel cost rise
🇩🇪 energy cost decline
🇬🇧 interest rate decline
🇬🇧 treasury yield decline
🇪🇺 pmi rise
🇺🇸 tariff rise
JUL 1 – JUL 31, 2025
🌍 fuel cost rise
🌍 airfare rise
🌍 food cost rise
🇬🇧 rail fare rise
🇩🇪 energy cost decline
🇩🇪 food inflation decline
🇩🇪 service fee rise
🇬🇧 administered price rise
JUN 1 – JUN 30, 2025
🇩🇪 energy cost decline
🇩🇪 inflation slowdown
🕌 energy cost rise
🕌 war escalation
→🌍 oil price rise
🇪🇺 interest rate decline
MAY 1 – MAY 31, 2025
🇫🇷 services price slowdown
🇫🇷 energy cost decline
🇬🇧 Easter timing
🇬🇧 energy cost rise
🇩🇪 energy cost decline
🇬🇧 interest rate cut
🇪🇺 energy cost decline
🇪🇺 services inflation decline
APR 1 – APR 30, 2025
🇩🇪 energy cost decline
🇩🇪 services price rise
🇺🇸 tariff rise
🇺🇸 tariff fear
→🌍 trade tension rise
→🇪🇺 currency appreciation
🇺🇸 tariff rise
→🇬🇧 currency appreciation
🇪🇺 public spending rise
🇺🇸 tariff rise
🇬🇧 energy price cap rise
MAR 1 – MAR 31, 2025
🇩🇪 energy cost decline
🇫🇷 energy cost decline
🇩🇪 food cost rise
🇬🇧 wage rise
🇩🇪 services inflation decline
🇪🇺 service price growth decline
✉️ Track chains of events as they happen. Free.
FEB 1 – FEB 28, 2025
🇫🇷 energy cost decline
🇷🇺 gas flow stop
→🇪🇺 energy cost rise
🇬🇧 public spending rise
🇬🇧 input cost rise
JAN 1 – JAN 31, 2025
🛢️ oil output decline
→🌍 oil price rise
→🌍 energy cost rise
🇬🇧 wage rise
🇬🇧 input cost rise
🇩🇪 cost rise
🇬🇧 cost rise
🛢️ oil output decline
→🌍 oil price rise
→🇪🇺 natural gas price rise
→🇪🇺 energy cost rise
🇪🇺 energy cost rise
🇪🇺 service fee rise
🇪🇺 input cost rise
🌍 energy cost rise
🌍 food cost rise
DEC 1 – DEC 31, 2024
🇫🇷 energy price decline slowdown
🇪🇺 interest rate decline
NOV 1 – NOV 30, 2024
🇪🇺 wage rise
→🇪🇺 input cost rise
🇬🇧 tariff rise
🇬🇧 budget change
OCT 1 – OCT 31, 2024
🇬🇧 wage rise
🇬🇧 tax rise
🇪🇺 inflation drop
→🇪🇺 interest rate decline
🇫🇷 energy cost decline
🇩🇪 energy cost decline
🇬🇧 energy price cap rise
SEP 1 – SEP 30, 2024
🇫🇷 accommodation cost decline
🇫🇷 health service price decline
🇫🇷 energy cost decline
AUG 1 – AUG 31, 2024
🇫🇷 energy cost decline
🇪🇺 energy cost decline
🕌 geopolitical turmoil rise
🇫🇷 energy cost rise
🇬🇧 interest rate decline
JUL 1 – JUL 31, 2024
🇫🇷 energy cost rise
🇩🇪 economic contraction
🇫🇷 energy cost decline
🇪🇺 energy cost rise
JUN 1 – JUN 30, 2024
🇫🇷 food price rise slowdown
🌍 energy cost decline
🇬🇧 inflation decline forecast
🇫🇷 energy cost rise
🇫🇷 food cost rise
🇩🇪 service fee rise
🇩🇪 food cost rise
🇪🇺 interest rate cut
MAY 1 – MAY 31, 2024
🇫🇷 food inflation decline
🌍 energy cost decline
🇬🇧 interest rate hike
APR 1 – APR 30, 2024
🕌 war risk rise
→🌍 energy cost rise
🇪🇺 wage rise
🌍 fuel cost rise
🇬🇧 inflation slowdown
🇬🇧 energy cost decline
🇩🇪 energy cost decline
🇩🇪 food cost decline
🇬🇧 energy price cap decline
MAR 1 – MAR 31, 2024
🇬🇧 price rise slowdown
🇫🇷 energy cost rise
🇩🇪 food cost decline
🇩🇪 energy cost decline
FEB 1 – FEB 29, 2024
supply disruption
🇩🇪 energy cost decline
🇩🇪 food inflation decline
🇬🇧 wage rise
🇫🇷 wage rise
🇩🇪 inflation slowdown
JAN 1 – JAN 31, 2024
🇩🇪 energy cost decline
🇩🇪 food cost decline
war escalation
🇫🇷 electricity price rise
trade risk rise
→🌍 energy cost rise
🇪🇺 energy cost rise
🇫🇷 energy cost rise
🇩🇪 energy cost rise
🇪🇺 energy cost rise
🇪🇺 energy cost rise
🇪🇺 price growth rebound
✉️ Track chains of events as they happen. Free.