The consumer price inflation rate in the Euro Area was confirmed at 0.9 percent year-on-year in January 2021, the highest since February last year, boosted mainly by a jump in cost for services (1.4 percent vs 0.7 percent in December) and non-energy industrial goods (1.5 percent vs -0.5 percent). Food, alcohol & tobacco inflation also picked up (1.5 percent vs 1.3 percent), while energy prices fell at a slower pace (-4.2 percent vs -6.9 percent). source: EUROSTAT

Inflation Rate in the Euro Area averaged 1.92 percent from 1991 until 2021, 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 March of 2021.

Inflation Rate in Euro Area is expected to be 0.60 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 1.40 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 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
0.90 -0.30 5.00 -0.60 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-07 10:00 AM Inflation Rate YoY Flash Dec -0.3% -0.3% -0.2% -0.4%
2021-01-20 10:00 AM Inflation Rate YoY Final Dec -0.3% -0.3% -0.3% -0.3%
2021-02-03 10:00 AM Inflation Rate YoY Flash Jan 0.9% -0.3% 0.5% 0.3%
2021-02-23 10:00 AM Inflation Rate YoY Final Jan 0.9% -0.3% 0.9% 0.9%
2021-03-02 10:00 AM Inflation Rate YoY Flash Feb 0.9% 1% 1%
2021-03-17 10:00 AM Inflation Rate YoY Final Feb 0.9%
2021-03-31 09:00 AM Inflation Rate YoY Flash Mar
2021-04-16 09:00 AM Inflation Rate YoY Final Mar


News Stream
Eurozone Inflation Rate Confirmed at 11-Month High
The consumer price inflation rate in the Euro Area was confirmed at 0.9 percent year-on-year in January 2021, the highest since February last year, boosted mainly by a jump in cost for services (1.4 percent vs 0.7 percent in December) and non-energy industrial goods (1.5 percent vs -0.5 percent). Food, alcohol & tobacco inflation also picked up (1.5 percent vs 1.3 percent), while energy prices fell at a slower pace (-4.2 percent vs -6.9 percent).
2021-02-23
Eurozone Inflation Rate Highest in a Year
Annual inflation rate in the Euro Area jumped to 0.9 percent in January of 2021, the highest rate since February of 2020, and ending 5 months of deflation. Figures beat market forecasts of a 0.5 percent rise, preliminary estimates showed. Prices of food, alcohol & tobacco are expected to increase the most in January (1.5 percent vs 1.3 percent), followed by services (1.4 percent vs 0.7 percent) and non-energy industrial goods (1.4 percent vs -0.5 percent) while cost of energy is likely to decrease less (-4.1 percent vs -6.9 percent). On a monthly basis, consumer prices were up 0.2 percent. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, jumped to 1.4 percent in January from a record low of 0.2 percent in each of the previous four months.
2021-02-03
Eurozone Consumer Prices Fall for 5th Month
Consumer prices in the Euro Area dropped 0.3 percent from a year earlier in December 2020, a fifth consecutive month of decline, with downward pressure coming from energy (-6.9 percent vs -8.3 percent in November) and non-energy industrial goods (-0.5 percent vs -0.3 percent). At the same time, food, alcohol & tobacco inflation slowed to 1.3 percent from 1.9 percent, while cost for services rose 0.7 percent, compared with 0.6 percent in November. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent in December, the lowest on record.
2021-01-20
Euro Area Consumer Prices Fall 0.3% in December
Consumer prices in the Euro Area are seen falling 0.3 percent year-on-year in December of 2020, the same as in each of the previous three months and compared to market forecasts of a 0.2 percent fall. Preliminary estimates showed energy prices continue to fall the most (-6.9 percent vs -8.3 percent), followed by non-energy industrial goods (-0.5 percent vs -0.3 percent). On the other hand, prices increased for food, alcohol and tobacco (1.4 percent vs 1.9 percent). On a monthly basis, prices increased 0.3 percent, the biggest rate in six months. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
2021-01-07

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.