Euro Area Inflation Rate Confirmed At 1.9%

Consumer prices in the Euro Area increased 1.9 percent year-on-year in April of 2017, matching initial estimates and higher than 1.5 percent in March. Fuels, heating oil and package holidays had the largest upward effects. Excluding energy, food, alcohol and tobacco, the inflation increased to 1.2 percent from 0.7 percent and excluding energy only, it went up to 1.3 percent from 0.9 percent.

The largest upward impacts came from fuels for transport (prices rose 11.2 percent), package holidays (9.8 percent) and heating oil (21.2 percent), while telecommunication (prices down 1.4 percent), garments (prices edged up 0.2 percent) and bread & cereals (prices down 0.1 percent) had the biggest downward impacts.

The highest annual rates were recorded in Estonia (3.6 percent), Lithuania (3.5 percent) and Latvia (3.3 percent) and the lowest in Ireland (0.7 percent) and Slovakia (0.8 percent). The inflation rose in Germany (2 percent from 1.5 percent in March), Italy (2 percent from 1.4 percent) and Spain (2.6 percent from 2.1 percent) but was steady in France at 1.4 percent. 

Considering the whole European Union, the inflation rate went up to 2 percent from 1.6 percent in March. 

On a monthly basis, consumer prices rose 0.4 percent in both the Euro Area and the European Union. 

 Euro Area Inflation Rate Confirmed At 1.9%

Eurostat | Joana Taborda |
5/17/2017 9:10:54 AM