The annual inflation rate in the Euro Area rose to 1.3 percent in June 2019, slightly above a preliminary and market expectations of 1.2 percent. Cost advanced at a faster pace for food, alcohol & tobacco and services. Core inflation rate was confirmed at 1.1 percent, up from 0.8 percent in the previous month. Inflation Rate in the Euro Area averaged 2 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.

Inflation Rate in Euro Area is expected to be 1.30 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 1.70 percent in 2020, according to our econometric models.

Euro Area Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-04 09:00 AM Inflation Rate YoY Flash May 1.2% 1.7% 1.3% 1.6%
2019-06-18 09:00 AM Inflation Rate YoY Final May 1.2% 1.7% 1.2% 1.2%
2019-06-28 09:00 AM Inflation Rate YoY Flash Jun 1.2% 1.2% 1.2% 1.3%
2019-07-17 09:00 AM Inflation Rate YoY Final Jun 1.3% 1.2% 1.2% 1.2%
2019-07-31 09:00 AM Inflation Rate YoY Flash Jul 1.3% 1.2%
2019-08-19 09:00 AM Inflation Rate YoY Final Jul
2019-08-30 09:00 AM Inflation Rate YoY Flash Aug



Eurozone June Inflation Rate Revised Up to 1.3%

The annual inflation rate in the Euro Area rose to 1.3 percent in June 2019, slightly above a preliminary and market expectations of 1.2 percent. Cost advanced at a faster pace for food, alcohol & tobacco and services.

Prices increased further for food, alcohol & tobacco (1.6 percent from 1.5 percent in May), of which unprocessed food (0.7 percent from 0.4 percent) and processed food, alcohol & tobacco (1.9 percent, the same as in May); and services (1.6 percent from 1.0 percent). In contrast, cost eased for energy (1.7 percent from 3.8 percent); while inflation was steady for non-energy industrial goods (at 0.3 percent, the same as in May).

Among Eurozone's largest economies, the highest annual rate was recorded in Germany (1.5 percent), followed by France (1.4 percent), Spain (0.6 percent) and Italy (0.8 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 1.1 percent, up from 0.8 percent in the prior month and in line with market consensus.

On a monthly basis, consumer prices went up 0.2 percent, after a 0.1 percent increase in May, above a preliminary and market forecasts of 0.1 percent, boosted by services (0.8 percent).


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/17/2019 9:15:50 AM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.20 5.00 -0.60 percent [+]
Inflation Rate Mom 0.20 0.10 1.30 -1.50 percent [+]
Consumer Price Index CPI 105.41 105.24 105.41 70.40 Index Points [+]
Core Consumer Prices 104.72 104.31 104.72 75.10 Index Points [+]
Core Inflation Rate 1.10 0.80 2.60 0.60 percent [+]
GDP Deflator 110.62 110.17 110.62 76.58 Index Points [+]
Producer Prices 105.00 105.10 106.20 49.10 Index Points [+]
Producer Prices Change 1.60 2.60 10.80 -8.20 percent [+]
Import Prices 101.00 100.90 101.50 93.30 Index Points [+]
Food Inflation 1.30 1.10 6.90 -1.60 percent [+]
CPI Housing Utilities 105.05 105.03 105.28 60.35 Index Points [+]
CPI Transportation 107.13 107.31 107.31 66.00 Index Points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.20 5.00 -0.60 1991 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


Related

Latest