The annual inflation rate in the Euro Area rose to 1.7 percent in April 2019 from 1.4 percent in the previous month and in line with the preliminary estimate and market expectations, final data showed. It is the highest inflation rate in five months, mainly driven by cost of services. 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 1.40 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 09:00 AM Inflation Rate YoY Flash 1.4% 1.5% 1.4% 1.6%
2019-04-17 09:00 AM Inflation Rate YoY Final 1.4% 1.5% 1.4% 1.4%
2019-05-03 09:00 AM Inflation Rate YoY Flash 1.7% 1.4% 1.6% 1.5%
2019-05-17 09:00 AM Inflation Rate YoY Final 1.7% 1.4% 1.7% 1.7%
2019-06-04 09:00 AM Inflation Rate YoY Flash 1.7% 1.6%
2019-06-18 09:00 AM Inflation Rate YoY Final 1.7%
2019-06-28 09:00 AM Inflation Rate YoY Flash 1.4%



Eurozone April Inflation Rate Confirmed at 5-Month High

The annual inflation rate in the Euro Area rose to 1.7 percent in April 2019 from 1.4 percent in the previous month and in line with the preliminary estimate and market expectations, final data showed. It is the highest inflation rate in five months, mainly driven by cost of services.

Prices went up further for services (1.9 percent from 1.1 percent in March); and non-energy industrial goods (0.2 percent from 0.1 percent). On the other hand, cost of food, alcohol & tobacco eased to 1.5 percent from 1.8 percent in March, namely processed food, alcohol & tobacco (1.7 percent from 2.0 percent) and unprocessed food (0.8 percent from 1.1 percent). Also, inflation was steady for energy (at 5.3 percent, the same as in March). 

Among Eurozone's largest economies, the highest annual rate was registered in Germany (2.1 percent), followed by Spain (1.6 percent), France (1.5 percent) and Italy (1.1 percent).

The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, accelerated to 1.3 percent in April from 0.8 percent in the prior month and above market consensus of 1.2 percent.

On a monthly basis, consumer prices increased 0.7 percent, matching market forecasts, boosted by services (1.0 percent), non-energy industrial goods (0.8 percent), and energy (0.7 percent) while prices of food, alcohol & tobacco were flat.


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/17/2019 9:15:19 AM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.40 5.00 -0.60 percent [+]
Inflation Rate Mom 0.70 1.00 1.30 -1.50 percent [+]
Consumer Price Index CPI 105.10 104.35 105.10 70.40 Index Points [+]
Core Consumer Prices 104.37 103.42 104.37 75.10 Index Points [+]
Core Inflation Rate 1.30 0.80 2.60 0.60 percent [+]
GDP Deflator 110.14 109.71 110.14 76.59 Index Points [+]
Producer Prices 105.40 105.50 106.20 49.10 Index Points [+]
Producer Prices Change 2.90 3.00 10.80 -8.20 percent [+]
Import Prices 100.80 100.80 101.50 93.30 Index Points [+]
Food Inflation 1.10 1.30 6.90 -1.60 percent [+]
CPI Housing Utilities 105.02 105.28 105.28 60.35 Index Points [+]
CPI Transportation 107.18 105.34 107.22 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.40 5.00 -0.60 1991 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -2.10 Mar/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19


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