Eurozone inflation rate was confirmed at 1.3 percent year-on-year in December 2019, the highest level since June and compared to November's 1.0 percent. Energy prices rebounded from a sharp decline (0.2 percent vs -3.2 percent), while faster increases were seen in costs of non-energy industrial goods (0.5 percent vs 0.4 percent) and unprocessed food (2.1 percent vs 1.8 percent). Meanwhile, services prices were 1.8 percent higher, compared to November's 1.9 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 1.3 percent. On a monthly basis, consumer prices rose 0.3 percent, reversing a 0.3 percent drop in November and in line with market consensus.
Inflation Rate in the Euro Area averaged 1.98 percent from 1991 until 2019, 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. source: Eurostat
Inflation Rate in Euro Area is expected to be 1.20 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 1.30 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.