The Eurozone consumer price inflation is expected to accelerate to 1.6 percent year-on-year in April of 2021, the highest level since April of 2019 and in line with market expectations, a preliminary estimate showed. Energy prices are set to rise by 10.3 percent (4.3 percent in March) while non-energy industrial goods cost is seen up 0.5 percent (0.3 percent in March). Meantime, slower increases are expected for services (0.9 percent vs 1.3 percent) and food, alcohol & tobacco (0.7 percent vs 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, is expected to slow to 0.8 percent in April from 0.9 percent. source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.91 percent from 1991 until 2021, 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 May of 2021.
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 1.50 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.70 percent in 2022 and 1.80 percent in 2023, according to our econometric models.