Eurozone Inflation Rate Confirmed at Near 6-Year High

The annual inflation rate in the Euro Area came in at 2.2 percent in October 2018, unchanged from a preliminary estimate and slightly above September's final reading of 2.1 percent. It was the highest inflation rate since December 2012 on rising prices of services, energy and industrial goods.

Prices rose at a faster pace for services (1.5 percent vs 1.3 percent in September); energy (10.7 percent vs 9.5 percent); and non-energy industrial goods (0.4 percent vs 0.3 percent). Meanwhile, inflation was unchanged for processed food, alcohol & tobacco energy (at 2.2 percent) and slowed for unprocessed food (2.1 percent vs 3.2 percent).

Among Eurozone's largest economies, the highest annual rate was registered in France (2.5 percent), followed by Germany (2.4 percent), Spain (2.3 percent) and Italy (1.6 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, increased to 1.1 percent in October from 0.9 percent in September.

On a monthly basis, consumer prices advanced 0.2 percent in October as widely expected by markets, after a 0.5 gain in September.

Eurozone Inflation Rate Confirmed at Near 6-Year High

Eurostat | Joana Ferreira |
11/16/2018 10:16:22 AM