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.

Inflation Rate in the Euro Area averaged 1.94 percent from 1991 until 2020, reaching an all time high of 5 percent in July of 1991 and a record low of -0.60 percent in July of 2009. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Eurostat

Inflation Rate in Euro Area is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Euro Area to stand at 1.20 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

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Euro Area Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.20 5.00 -0.60 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-19 09:00 AM Inflation Rate YoY Final Jul 0.4% 0.3% 0.4% 0.4%
2020-09-01 09:00 AM Inflation Rate YoY Flash Aug -0.2% 0.4% 0.2% 0.0%
2020-09-17 09:00 AM Inflation Rate YoY Final Aug -0.2% 0.4% -0.2% -0.2%
2020-10-02 09:00 AM Inflation Rate YoY Flash Sep -0.3% -0.2% -0.2% -0.3%
2020-10-16 09:00 AM Inflation Rate YoY Final Sep -0.2% -0.3% -0.3%
2020-10-30 10:00 AM Inflation Rate YoY Flash Oct
2020-11-18 10:00 AM Inflation Rate YoY Final Oct
2020-12-01 10:00 AM Inflation Rate YoY Flash Nov


News Stream
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.
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.
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.
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.
2020-08-19

Euro Area Inflation Rate
In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes.