It is more.
This is just official Eurozone CPI.
If you look at housing, food or energy it's a lot more.
Discussion
Yes in the UK "inflation" (which I try to type without ROFL) is officially at 4% having dropped from an official 10%, yet everything is at least 50% more expensive and many things have doubled.
You should also include shrinkflation into that equation.
When I point out this dilemma to F&F they accept the facts, but still think "I" don't understand.