Eurozone December Inflation Rate Confirmed at 1.4%

Consumer price inflation in the Euro Area stood at 1.4 percent year-on-year in December 2017, unrevised from the preliminary estimate and compared to 1.5 percent in the previous month. Prices rose at a softer pace for energy and unprocessed food.

Year-on-year, energy prices increased by 2.9 percent, easing from a 4.7 percent jump in November; and unprocessed food prices rose at a softer 1.9 percent, compared with a 2.4 percent gain in the previous month. Meanwhile, inflation was flat for services (at 1.2 percent); and rose for processed food, alcohol and tobacco (2.2 percent from 2.1 percent) and non-energy industrial goods (0.5 percent from 0.4 percent).

Among Eurozone's largest economies, the highest annual rate was registered in Germany (1.6 percent), followed by France (1.2 percent), Spain (1.2 percent), Italy (1 percent), Greece (1 percent) and Ireland (0.5 percent). 

Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 0.9 percent in December, unchanged from the previous month.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.1 percent gain in November and in line with market consensus.

Eurozone December Inflation Rate Confirmed at 1.4%

Eurostat | Joana Ferreira |
1/17/2018 10:13:31 AM