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Euro Area Consumer Prices Fall 0.3% in December
Consumer prices in the Euro Area are seen falling 0.3 percent year-on-year in December of 2020, the same as in each of the previous three months and compared to market forecasts of a 0.2 percent fall. Preliminary estimates showed energy prices continue to fall the most (-6.9 percent vs -8.3 percent), followed by non-energy industrial goods (-0.5 percent vs -0.3 percent). On the other hand, prices increased for food, alcohol and tobacco (1.4 percent vs 1.9 percent). On a monthly basis, prices increased 0.3 percent, the biggest rate in six months. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2021-01-07

Eurozone Consumer Price Deflation Confirmed
Eurozone consumer prices fell for a third consecutive month by 0.3 percent year-on-year in November 2020, the steepest decline since April 2016, amid subdued demand due to the coronavirus crisis. Prices fell for both energy (-8.3 percent vs -8.2 percent in October) and non-energy industrial goods (-0.3 percent vs -0.1 percent). At the same time, food, alcohol & tobacco increased at a slightly softer pace (1.9 percent vs 2.0 percent) and services inflation picked up (0.6 percent vs 0.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2020-12-17

Euro Area Deflation Extends for 4th Month
Consumer prices in the Euro Area went down 0.3 percent year-on-year in November of 2020, the same as in each of the previous two months and worse than market forecasts of a 0.2 percent decline, a flash estimate showed. It is the fourth straight month of deflation as energy cost declined 8.4 percent and non-energy industrial goods were down 0.3 percent. In contrast, the main upward pressure came from prices of food, alcohol and tobacco (1.9 percent) and services (0.6 percent). Core inflation which excludes energy, food, alcohol and tobacco was steady at 0.2 percent. On a monthly basis, consumer prices also declined by 0.3 percent.
Published on 2020-12-01

Eurozone Consumer Prices Fall 0.3% in October
The Eurozone consumer prices dropped 0.3 percent from a year earlier in October 2020, matching the previous month's decline, which was the steepest since April 2016. Prices fell for both energy products (-8.2 percent, the same as in September) and non-energy industrial goods (-0.1 percent vs -0.3 percent). At the same time, services inflation slowed to 0.4 percent from 0.5 percent, while food, alcohol & tobacco prices rose at a faster pace (2.0 percent vs 1.8 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2020-11-18

Eurozone Consumer Prices Fall for 3rd Month
The Eurozone consumer prices are expected to drop 0.3 percent from a year earlier in October 2020, the same as in the previous month and matching market expectations, a preliminary estimate showed. Prices should decline further for both energy products (-8.4 percent vs -8.2 percent in September) while cost of non-energy industrial goods is set to fall at a softer pace (-0.1 percent vs -0.3 percent). At the same time, inflation is set to slow for services (0.4 percent vs 0.5 percent). Meanwhile, prices of food, alcohol & tobacco is expected to rise at a faster pace (2 percent vs 1.8 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to remain unchanged at a record low of 0.2 percent.
Published on 2020-10-30

Eurozone Consumer Prices Post Biggest Fall in 4-1/2 Years
The Eurozone consumer prices dropped 0.3 percent from a year earlier in September 2020, the steepest decline since April 2016. Prices fell for both energy products (-8.2 percent vs -7.8 percent in August) and non-energy industrial goods (-0.3 percent vs -0.1 percent). At the same time, services inflation slowed to 0.5 percent from 0.7 percent. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, eased further to 0.2 percent, the lowest on record.
Published on 2020-10-16

Eurozone Consumer Prices Fall Most in 4-1/2 Years
The Eurozone consumer prices are expected to fall 0.3 percent from a year earlier in September 2020, the steepest decline since April 2016 and compared to market expectations of a 0.2 percent drop, a preliminary estimate showed. Prices should fall for both energy products (-8.2 percent vs -7.8 percent in August) and non-energy industrial goods (-0.3 percent vs -0.1 percent). At the same time, inflation is set to slow for services (0.5 percent vs 0.7 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease further to 0.2 percent, the lowest on record and below forecasts of 0.5 percent. On Wednesday, ECB President Christine Lagarde signaled a change to the central bank’s strategy, leaving the door open to tweak the 2 percent inflation target. The move would probably allow inflation rate to overshoot after missing the central bank's target for years.
Published on 2020-10-02

Eurozone CPI Falls for 1st Time in Over 4 Years
The Eurozone consumer prices dropped 0.2 percent from a year earlier in August 2020, the first decline since May 2016, due to lower cost for energy products (-7.8 percent vs -8.4 percent in July) and non-energy industrial goods (-0.1 percent vs 1.6 percent). At the same time, inflation slowed for both services (0.7 percent vs 0.9 percent) and food, alcohol & tobacco (1.7 percent vs 2.0 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was confirmed at an all-time low of 0.4 percent in August.
Published on 2020-09-17

Eurozone Slips Into Deflation Territory
The Eurozone consumer prices are expected to fall 0.2 percent from a year earlier in August 2020, the first decline since May 2016 and well below market expectations of a 0.2 percent rise, a preliminary estimate showed. Prices should fall for both energy products (-7.8 percent vs -8.4 percent in July) and non-energy industrial goods (-0.1 percent vs 1.6 percent). At the same time, inflation is set to slow for services (0.7 percent vs 0.9 percent) and food, alcohol & tobacco (1.7 percent vs 2.0 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease further to 0.4 percent, the lowest on record and below forecasts of 0.8 percent.
Published on 2020-09-01

Euro Area Inflation Rate Confirmed at 0.4%
Annual inflation rate in the Euro Area edged up to 0.4 percent in July of 2020 from 0.3 percent in June, reaching the highest in 4 months and matching preliminary estimates. The highest contributions came from cost of non-energy industrial goods (prices up 1.6 percent vs 0.2 percent in June); services (0.9 percent vs 1.2 percent); food, alcohol & tobacco (2 percent vs 3.2 percent) and energy (-8.4 percent vs -9.3 percent). On a monthly basis, consumer prices fell 0.4 percent, the biggest drop since January and above initial estimates of a 0.3 percent decline.
Published on 2020-08-19

Eurozone Inflation Rate Unexpectedly Rises in July
The annual inflation rate in the Euro Area is expected to pick up to 0.4 percent in July of 2020 from 0.3 percent in the previous month and above market expectations of a 0.2 percent gain, a flash estimate showed. Main upward pressure is coming from services (0.9 percent vs 1.2 percent in June); non-energy industrial goods (1.7 percent vs 0.2 percent); and food, alcohol & tobacco (2 percent vs 3.2 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to accelerate to 1.2 percent from 0.8 percent in the prior month. On a monthly basis, consumer prices are expected to decrease by 0.3 percent, after a 0.3 percent increase in June.
Published on 2020-07-31

Eurozone June Inflation Rate Confirmed at 0.3%
The consumer price inflation in the Euro Area was confirmed at 0.3 percent year-on-year in June 2020, up from a four-year low of 0.1 percent in the previous month. Main upward pressure came from services (1.2 percent vs 1.3 percent in May), non-energy industrial goods (0.2 percent, the same as in May) and food, alcohol & tobacco (3.2 percent vs 3.4 percent). At the same time, energy prices fell at a softer pace (-9.3 percent vs -11.9 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was also confirmed at 0.8 percent, down from 0.9 percent in the prior month. On a monthly basis, consumer prices increased 0.3 percent, reversing a 0.1 percent decline in May.
Published on 2020-07-17

Eurozone Inflation Rate Rebounds from 4-Year Low
The annual inflation rate in the Euro Area is expected to pick up to 0.3 percent in June 2020 from a four-year low of 0.1 percent in the previous month and above market expectations of a 0.1 percent gain, a flash estimate showed. Main upward pressure should come from services (1.2 percent vs 1.3 percent in May), non-energy industrial goods (0.2 percent, the same as in May) and food, alcohol & tobacco (3.1 percent vs 3.4 percent). At the same time, energy prices are seen falling at a softer pace (-9.4 percent vs -11.9 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease to 0.8 percent from 0.9 percent in the prior month. On a monthly basis, consumer prices are expected to increase 0.3 percent, reversing a 0.1 percent decline in May.
Published on 2020-06-30

Eurozone Inflation Rate Confirmed at 4-Year Low
The consumer price inflation in the Euro Area was confirmed at 0.1 percent year-on-year in May 2020, the lowest since a flat reading in June 2016 and compared with April's 0.3 percent. Energy prices tumbled 11.9 percent (vs -9.7 percent in April), while inflation slowed for both food, alcohol & tobacco (3.4 percent vs 3.6 percent) and non-energy industrial goods (0.2 percent vs 0.3 percent). Meanwhile, services prices rose 1.3 percent, slightly faster than 1.2 percent in April. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, stood at 0.9 percent, unchanged from April's eight-month low and well below the central bank's target of just below 2 percent.
Published on 2020-06-17

Eurozone Inflation Rate Falls to 0.1%, Lowest since 2016
Annual inflation rate in the Euro Area is expected to ease to 0.1 percent in May of 2020 from 0.3 percent in April, in line with market expectations. It will be the lowest rate since June of 2016, due to coronavirus containment measures, preliminary estimates showed. Energy costs plunged at a faster pace (-12 percent vs -9.7 percent in April) and prices of food, alcohol and tobacco eased (3.3 percent vs 3.6 percent). In contrast, cost of services rose more (1.3 percent vs 1.2 percent). On a monthly basis, consumer prices edged down 0.1 percent. Excluding energy, food, alcohol & tobacco, the inflation was steady at 0.9 percent.
Published on 2020-05-29

Eurozone Inflation Revised Down to 3-1/2-Year Low
The Eurozone inflation rate was revised slightly lower to 0.3 percent in April 2020, from a preliminary estimate of 0.4 percent. It was the lowest rate since August 2016, as energy prices fell 9.7 percent, more than initially thought, amid the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Meanwhile, prices rose at a slower pace for services (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent), while food inflation picked up (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to an eight-month low of 0.9 percent. On a monthly basis, consumer prices advanced 0.3 percent, following a 0.5 percent rise in March.
Published on 2020-05-20

Eurozone Inflation Rate Eases to Over 3-1/2-Year Low
The annual inflation rate in the Euro Area is expected to slow to 0.4 percent in April 2020 from 0.7 percent in the previous month but above market expectations of a 0.1 percent gain, a flash estimate showed. It is the lowest inflation rate since September 2016, as prices were hit by the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Services prices (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent) are seen rising at a softer pace. Also, energy cost is set to fall further (-9.6 percent vs -4.3 percent). Meanwhile, food prices should increase at a faster pace (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease to 0.9 percent from 1 percent in the prior month. On a monthly basis, consumer prices are expected to advance 0.3 percent, following a 0.5 percent rise in March.
Published on 2020-04-30

Eurozone Inflation Confirmed at 5-Month Low
The inflation rate in the Euro Area was confirmed at 0.7 percent year-on-year in March 2020, the lowest since last October, as prices were hit by the Covid-19 outbreak and an oil price war between Saudi Arabia and Russia. Services cost rose at a softer pace (1.3 percent vs 1.6 percent) while energy price deflation deepened sharply (-4.5 percent vs -0.3 percent). Meanwhile, non-energy industrial goods inflation remained at 0.5 percent, while food prices increased at a faster 2.4 percent, compared to 2.1 percent in February. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1 percent.
Published on 2020-04-17

Eurozone Inflation Rate Eases to 5-Month Low
The inflation rate in the Euro Area is expected to slow to 0.7 percent year-on-year in March 2020, the lowest since last October and below market expectations of 0.8 percent, amid the Covid-19 outbreak and an oil price war between Saudi Arabia and Russia, a preliminary estimate showed. Services prices are seen rising at a softer pace (1.3 percent vs 1.6 percent) while energy cost are set to fall sharply (-4.3 percent vs -0.3 percent). Meanwhile, non-energy industrial goods is likely to remain at 0.5 percent, while food prices should increase at a faster 2.4 percent, compared to 2.1 percent in February. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease to 1 percent. On a monthly basis, consumer prices are expected to advance 0.5 percent in March.
Published on 2020-03-31

Eurozone Inflation Confirmed at 1.2% in February
The Eurozone inflation rate was confirmed at 1.2 percent year-on-year in February 2020, below the previous month's nine-month low of 1.4 percent. Energy prices dropped 0.3 percent, compared to an increase of 1.9 percent in January. On the other hand, prices rose at a faster pace for both services (1.6 percent vs 1.5 percent) and non-energy industrial goods (0.5 percent vs 0.3 percent), while food inflation was unchanged (at 2.1 percent).
Published on 2020-03-18