Euro Area Inflation Rate Confirmed at 0.2%


Consumer prices in the Eurozone edged up 0.2 percent year-on-year in December of 2015, the same as in the previous month and in line with preliminary figures. Core inflation rate came in at 0.9 percent, the same as in November and well below the ECB’s 2 percent target. The monthly index was flat.

The largest upward impacts to euro area annual inflation came from restaurants & cafés (+0.10 percentage points), tobacco and vegetables (+0.06 pp each), while fuels for transport (-0.40 pp), heating oil (-0.19 pp) and gas (-0.10 pp) had the biggest downward impacts. 

In December 2015, negative annual rates were observed in twelve Member States. The lowest annual rates were registered in Bulgaria (-0.9 percent), Romania (-0.7 percent), Cyprus and Slovenia (both -0.6 percent). The highest annual rates were recorded in Belgium (1.4 percent), Malta (1.2 percent) and Austria (1.1 percent). Compared with November 2015, annual inflation fell in nine Member States, remained stable in three and rose in fifteen.  

Core inflation rate which excludes prices of energy, food, alcohol and tobacco was recorded at 0.9 percent, the same as in November and excluding energy, consumer prices also rose 0.9 percent, easing from 1 percent in November. 

Euro Area Inflation Rate Confirmed at 0.2%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/19/2016 10:15:27 AM