Consumer prices in the Euro Area were unchanged in December 2018 as widely expected by markets, after a 0.2 percent drop in November. A firm increase in prices of services (0.9 percent) and unprocessed food (0.4 percent) was offset by declines in costs of energy (-3.2 percent), processed food, alcohol & tobacco (-0.2 percent) and non-energy industrial goods (-0.2 percent). Inflation Rate Mom in the Euro Area averaged 0.16 percent from 1990 until 2018, reaching an all time high of 1.35 percent in March of 2011 and a record low of -1.60 percent in January of 2015.
Inflation Rate Mom 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 Mom in Euro Area to stand at 0.50 in 12 months time. In the long-term, the Euro Area Inflation Rate MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.