The Disinflation Dashboard provides a comprehensive set of tools for monitoring inflation and wage pressures across the European Union. It goes beyond headline inflation figures to show how widespread price pressures are across different categories and economies.
`Price Tracker: A Deeper Look at Inflation Pressures
The Price Tracker provides a detailed picture of the breadth of inflationary pressures across European economies. Using Eurostat figures, we calculate the share of household expenditure allocated to categories in which prices are increasing by more than 2%, 5%, and 10% year on year.
A higher share of expenditure categories exceeding these thresholds indicates that inflationary pressures are more broadly and evenly distributed across the consumption basket, rather than being concentrated in a small number of products or services. In particular, a high proportion of categories recording price growth above 2% or 5% may signal persistent and widespread inflationary pressures, even when headline inflation is gradually declining. The different thresholds also help distinguish between moderate but broad-based inflation and episodes of particularly strong price increases.
All data presented in the charts are available for download directly from the dashboard. To access the underlying data, simply click the three-dot menu next to the chart and select the download option.
Sticky Price Tracker: Tracking the Persistence of Inflation
The Sticky Price Tracker provides another detailed view of how persistent inflationary pressures are across European economies. Using Eurostat HICP data, we group individual consumption categories according to the persistence of their price changes, distinguishing between flexible, moderately sticky, and sticky prices.
The dashboard shows how these groups contribute to headline inflation and how their importance evolves over time. While flexible prices can respond quickly to changes in energy costs, commodity prices, exchange rates, or other short-term shocks, sticky prices tend to adjust more gradually. Strong price growth among sticky categories may therefore indicate that inflationary pressures have become more entrenched and could take longer to dissipate, even as headline inflation declines. A decline in inflation driven primarily by flexible prices may provide a different signal from a broad-based slowdown that also includes sticky-price categories. Tracking these contributions can therefore help assess the progress of disinflation and identify remaining sources of persistent price pressure.
All data presented in the charts are available for download directly from the dashboard. To access the underlying data, simply click the three-dot menu next to the chart and select the download option.
Wage Pressure Tracker: Early Signals of Wage Inflation
The ECB’s negotiated wages indicator provides an important measure of wage pressures in the euro area. However, the indicator is published quarterly and with a considerable delay, making it less suitable for monitoring changes in wage dynamics in real time.
Our Wage Pressure Tracker provides a complementary, high-frequency perspective. The dashboard monitors the frequency of Internet searches related to wage increases and pay rises, offering an early indication of changes in workers’ interest in wage negotiations and potentially emerging wage pressures. An increase in wage-related searches may therefore provide an early signal of stronger wage growth before it becomes visible in official statistics. This is a key factor determining the persistence of core and services inflation.