Eurozone inflation rate was confirmed at 1.3 percent year-on-year in December 2019, the highest level since June and compared to November's 1.0 percent. Energy prices rebounded from a sharp decline (0.2 percent vs -3.2 percent), while faster increases were seen in costs of non-energy industrial goods (0.5 percent vs 0.4 percent) and unprocessed food (2.1 percent vs 1.8 percent). Meanwhile, services prices were 1.8 percent higher, compared to November's 1.9 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 also confirmed at 1.3 percent. On a monthly basis, consumer prices rose 0.3 percent, reversing a 0.3 percent drop in November and in line with market consensus.

Inflation Rate in the Euro Area averaged 1.98 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. 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. source: Eurostat

Inflation Rate in Euro Area is expected to be 1.20 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 1.30 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.


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Euro Area Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 5.00 -0.60 1991 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 10:00 AM Inflation Rate YoY Flash Nov 1% 0.7% 1% 0.8%
2019-12-18 10:00 AM Inflation Rate YoY Final Nov 1% 0.7% 1% 1%
2020-01-07 10:00 AM Inflation Rate YoY Flash Dec 1.3% 1% 1.3% 1.2%
2020-01-17 10:00 AM Inflation Rate YoY Final Dec 1.3% 1% 1.3% 1.3%
2020-01-31 10:00 AM Inflation Rate YoY Flash Jan 1.3% 1.4% 1.3%


News Stream
2020-01-07
Euro Area Inflation Rate At 6-Month High in December
Eurozone inflation rate is seen accelerating to 1.3 percent year-on-year in December 2019 from 1.0 percent in the previous month and in line with market consensus, a preliminary estimate showed. That should be the highest rate since June due to a rebound in energy prices (0.2 percent vs -3.2 percent) and a faster increase in unprocessed food cost (2.1 percent vs 1.8 percent). Meanwhile, inflation is likely to ease for services (1.8 percent vs 1.9 percent), while it is seen unchanged for non-energy industrial goods (at 0.4 percent) and processed food, alcohol & tobacco (at 2.0 percent). The core inflation rate, which excludes energy, food, alcohol & tobacco and at which the ECB looks at to decide on monetary policy, is set to hold steady at 1.3 percent.

2019-12-18
Eurozone Inflation Rate Confirmed at 1%
The Euro Area inflation rate was confirmed at 1.0 percent in November 2019, higher than October's near three-year low of 0.7 percent. Prices rose at a faster rate for services, non-energy industrial goods, and food, alcohol & tobacco. Among Eurozone's largest economies, the highest annual rates were recorded in France (1.2 percent) and Germany (1.2 percent), followed by Spain (0.5 percent) and Italy (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, was also confirmed at 1.3 percent. On a monthly basis, consumer prices dropped 0.3 percent, following a 0.1 percent increase in October and in line with market consensus.

2019-11-29
Eurozone Inflation Accelerates More than Expected
The Euro Area inflation rate is expected to pick up to 1.0 percent in November 2019 from a near three-year low of 0.7 percent in the previous month, slightly beating market expectations of 0.9 percent, a preliminary estimate showed. Prices should increase at a faster pace for services, non-energy industrial goods, and food, alcohol & tobacco. 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 rise to 1.3 percent, the highest since April and also above market consensus of 1.2 percent.

2019-11-15
Eurozone October Inflation Confirmed at 3-Year Low
The consumer price inflation in the Euro Area was confirmed at 0.7 percent year-on-year in October 2019, down from 0.8 percent in the previous month and the lowest since November 2016. Energy prices dropped at a faster pace while food and services inflation rates were unchanged. The 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 1.1 percent. On a monthly basis, consumer prices advanced 0.1 percent, following a 0.2 percent increase in September and below market consensus of 0.2 percent.

2019-10-31
Eurozone Inflation Rate Eases to Near 3-Year Low
The annual inflation rate in the Euro Area is expected to slow to 0.7 percent in October 2019 from 0.8 percent in the previous month, matching market expectations, a preliminary estimate showed. It was the lowest inflation rate since November 2016, as cost of energy dropped further.

2019-10-16
Eurozone September Inflation Rate Revised Down to 0.8%
The annual inflation rate in Euro Area dropped to 0.8 percent in September 2019 from 1 percent in the previous month, below a preliminary estimate and market expectations of 0.9 percent, final data showed. It was the lowest inflation rate since November 2016, as energy prices fell further. On a monthly basis, consumer prices advanced 0.2 percent, following a 0.1 percent increase in the August and matching a preliminary reading and forecasts.


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.

Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.00 5.00 -0.60 percent [+]
Inflation Rate Mom 0.30 -0.30 1.30 -1.50 percent [+]
Consumer Price Index CPI 105.43 105.10 105.44 70.40 points [+]
Core Consumer Prices 104.69 104.27 104.83 75.10 points [+]
Core Inflation Rate 1.30 1.30 2.60 0.60 percent [+]
GDP Deflator 104.98 104.71 104.98 72.22 points [+]
Producer Prices 104.40 104.20 106.20 49.10 points [+]
Producer Prices Change -1.40 -1.90 10.80 -8.20 percent [+]
Import Prices 100.50 100.60 101.50 93.30 points [+]
Food Inflation 1.70 1.50 6.90 -1.60 percent [+]
CPI Housing Utilities 105.38 105.37 105.38 60.35 points [+]
CPI Transportation 107.04 106.22 107.87 66.00 points [+]