Eurozone Inflation Rate Rises to 1.4% as Expected


The Eurozone consumer price inflation is expected to pick up to 1.4 percent year-on-year in March 2018 from the previous month's 14-month low of 1.1 percent, and in line with market forecasts. Prices of services and food, alcohol & tobacco should rise at a faster pace.

Looking at the main components of euro area inflation, prices are expected to rise at a faster pace for: services (1.5 percent vs 1.3 percent in February); and food, alcohol and tobacco (2.2 percent vs 1 percent), of which processed food, alcohol and tobacco (3 percent vs 2.3 percent) and unprocessed food (0.9 percent vs -0.9 percent). Meanwhile, inflation should soften for both non-energy industrial goods (0.2 percent vs 0.6 percent) and energy (2 percent vs 2.1 percent).

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, is expected to remain unchanged at 1 percent.

Eurozone Inflation Rate Rises to 1.4% as Expected


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/4/2018 9:08:46 AM