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.
Inflation Rate in the Euro Area averaged 1.96 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 June 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 0.60 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.