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.

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Euro Area Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.30 5.00 -0.60 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-17 09:00 AM Inflation Rate YoY Final Mar 0.7% 1.2% 0.7% 0.7%
2020-04-30 09:00 AM Inflation Rate YoY Flash Apr 0.4% 0.7% 0.1% 0.0%
2020-05-20 09:00 AM Inflation Rate YoY Final Apr 0.3% 0.7% 0.4% 0.4%
2020-05-29 09:00 AM Inflation Rate YoY Flash May 0.1% 0.3% 0.1% 0.2%
2020-06-17 09:00 AM Inflation Rate YoY Final May 0.3% 0.1% 0.1%
2020-06-30 09:00 AM Inflation Rate YoY Flash Jun -0.3%
2020-07-17 09:00 AM Inflation Rate YoY Final Jun -0.3%
2020-07-31 09:00 AM Inflation Rate YoY Flash Jul


News Stream
Eurozone Inflation Rate Falls to 0.1%, Lowest since 2016
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.
2020-05-29
Eurozone Inflation Revised Down to 3-1/2-Year Low
The Eurozone inflation rate was revised slightly lower to 0.3 percent in April 2020, from a preliminary estimate of 0.4 percent. It was the lowest rate since August 2016, as energy prices fell 9.7 percent, more than initially thought, amid the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Meanwhile, prices rose at a slower pace for services (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent), while food inflation picked up (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to an eight-month low of 0.9 percent. On a monthly basis, consumer prices advanced 0.3 percent, following a 0.5 percent rise in March.
2020-05-20
Eurozone Inflation Rate Eases to Over 3-1/2-Year Low
The annual inflation rate in the Euro Area is expected to slow to 0.4 percent in April 2020 from 0.7 percent in the previous month but above market expectations of a 0.1 percent gain, a flash estimate showed. It is the lowest inflation rate since September 2016, as prices were hit by the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Services prices (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent) are seen rising at a softer pace. Also, energy cost is set to fall further (-9.6 percent vs -4.3 percent). Meanwhile, food prices should increase at a faster pace (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease to 0.9 percent from 1 percent in the prior month. On a monthly basis, consumer prices are expected to advance 0.3 percent, following a 0.5 percent rise in March.
2020-04-30
Eurozone Inflation Confirmed at 5-Month Low
The inflation rate in the Euro Area was confirmed at 0.7 percent year-on-year in March 2020, the lowest since last October, as prices were hit by the Covid-19 outbreak and an oil price war between Saudi Arabia and Russia. Services cost rose at a softer pace (1.3 percent vs 1.6 percent) while energy price deflation deepened sharply (-4.5 percent vs -0.3 percent). Meanwhile, non-energy industrial goods inflation remained at 0.5 percent, while food prices increased at a faster 2.4 percent, compared to 2.1 percent in February. 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 percent.
2020-04-17

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.