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Euro Area Inflation Rate Rises to 2.2%
Annual inflation rate in the Euro Area increased to 2.2% in July of 2021 from 1.9% in June, above market forecasts of 2%. It is the highest reading since October of 2018, flash estimates showed. Energy is expected to have the highest annual rate in July (14.1%, compared with 12.6% in June), followed by food, alcohol & tobacco (1.6%, compared with 0.5% in June); services (0.9%, compared with 0.7% in June); and non-energy industrial goods (0.7%, compared with 1.2% in June). The monthly rate was -0.1%. Annual core inflation which excludes energy, food, alcohol and tobacco edged down to 0.7% from 0.9%. Excluding energy only, inflation was 0.9%.
Published on 2021-07-30

Euro Area Inflation Rate Confirmed at 1.9%
Annual inflation rate in the Euro Area was confirmed at 1.9% in June of 2021, in line with the preliminary estimate, and slowing from a 2-1/2-year high of 2% in May. Biggest contribution came from energy (12.6% vs 13.1%), followed by non-energy industrial goods (1.2% vs 0.7%), services (0.7% vs 1.1%) and food, alcohol & tobacco (0.5%, the same as in May). A low base effect from last year is also weighing. In June 2020, inflation rate in the Eurozone was 0.3%. The ECB expects inflation to increase later in the year but the rise should be temporary.
Published on 2021-07-16

Euro Area Inflation Rate Slows to 1.9%
Annual inflation rate in the Euro Area eased to 1.9% in June of 2021 from a 2-1/2-year high of 2% in May, in line with market forecasts, preliminary data showed. Prices likely slowed for energy (12.5% vs 13.1% in May) and services (0.7% vs 1.1%) but inflation accelerated for non-energy industrial goods (1.2% vs 0.7%) and food, alcohol & tobacco (0.6% vs 0.5%). The monthly rate was steady at 0.3%. Inflation in June fell towards the ECB's target of below but close to 2% although it is likely to peak above 2.5% towards the end of the year.
Published on 2021-06-30

Eurozone May Inflation Rate Confirmed at 2-1/2-Year High
The consumer price inflation rate in the Euro Area was confirmed at 2.0 percent year-on-year in May 2021, the highest since October 2018, due to the low base year and reflecting a sharp rebound in demand following the re-opening of the economy. Upward pressure came from energy (13.1 percent vs 10.4 percent in April), services (1.1 percent vs 0.9 percent), and non-energy industrial goods (0.7 percent vs 0.4 percent). On the other hand, cost for food, alcohol & tobacco rose at a slightly slower pace (0.5 percent vs 0.6 percent). Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco picked up to 1.0 percent, from 0.7 percent in April. On a monthly basis, consumer prices advanced 0.3 percent.
Published on 2021-06-17

Euro Area Inflation Rate Above Forecasts
The annual inflation rate in the Eurozone accelerated to 2% in May of 2021 from 1.6% in April and above market forecasts of 1.9%, preliminary estimates showed. It is the highest reading since October of 2018 with the cost of energy expected to rise the most (13.1% vs 10.4% in April) mostly due to the base effect as in May last year the region was in a full lockdown. Prices are also set to increase for services (1.1% vs 0.9%), non-energy industrial goods (0.7% vs 0.4%) and food, alcohol & tobacco (0.6%, stable compared with April). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco is expected to edge up to 0.9% from 0.7%. The ECB has said already it is expecting a spike in inflation on the back of base effects and temporary factors, warning that it may even exceed the central bank's target by the end of the year.
Published on 2021-06-01

Eurozone Inflation Rate Confirmed at 2-Year High
The consumer price inflation rate in the Euro Area was confirmed at 1.6 percent year-on-year in April of 2021, the highest since April of 2019, driven mainly by higher cost for energy (10.4 percent vs 4.3 percent in March) and non-energy industrial goods (0.4 percent vs 0.3 percent). On the other hand, prices rose at a softer pace for food, alcohol & tobacco (0.6 percent vs 1.1 percent) and services (0.9 percent vs 1.3 percent). The ECB has said already it is expecting a spike in headline inflation on the back of base effects and temporary factors, warning that it may even exceed the central bank's target by the end of the year. Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco eased to 0.7 percent from 0.9 percent in March. On a monthly basis, consumer prices went up 0.6 percent in April.
Published on 2021-05-19

Eurozone Inflation Rate at 2-Year High of 1.6%
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.
Published on 2021-04-30

Eurozone Inflation Rate Confirmed at 14-Month High
The consumer price inflation rate in the Euro Area was confirmed at 1.3 percent year-on-year in March 2021, the highest since January 2020, driven mainly by higher cost for services (1.3 percent vs 1.2 percent in February) and energy (4.3 percent vs -1.7 percent). On the other hand, prices rose at a softer pace for non-energy industrial goods (0.3 percent vs 1.0 percent) and food, alcohol & tobacco (1.1 percent vs 1.3 percent). The ECB has said already it is expecting a spike in headline inflation on the back of base effects and temporary factors, warning that it may even exceed the central bank's target by the end of the year. Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco eased to 0.9 percent from 1.1 percent in February. On a monthly basis, consumer prices climbed 0.9 percent in March.
Published on 2021-04-16

Eurozone Inflation Rate at Over 1-Year High
The Eurozone consumer price inflation is expected to accelerate to 1.3 percent year-on-year in March 2021, the highest level since January 2020 and in line with market expectations, a preliminary estimate showed. Energy prices should rebound 4.3 percent, compared with a 1.7 percent drop in February, and services inflation is seen picking up to 1.3 percent from 1.2 percent. Meanwhile, cost will probably rise at a slower pace for both non-energy industrial goods (0.3 percent vs 1.0 percent) and food, alcohol & tobacco (1.1 percent vs 1.3 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 0.9 percent in March, below market forecasts of 1.1 percent.
Published on 2021-03-31

Eurozone Inflation Rate Confirmed at Near 1-Year High
The consumer price inflation rate in the Euro Area was confirmed at 0.9 percent year-on-year in February 2021, unchanged from the previous month's 11-month high, boosted by increases in cost for services (1.2 percent vs 1.4 percent in January), non-energy industrial goods (1.0 percent vs 1.5 percent), and food, alcohol & tobacco (1.3 percent vs 1.5 percent). At the same time, energy prices fell 1.7 percent, much slower than a 4.2 percent slump in the previous month. Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to 1.1 percent in February, from 1.4 percent in January. On a monthly basis, consumer prices rose 0.2 percent, while the core index edged up 0.1 percent.
Published on 2021-03-17

Eurozone Inflation Rate Nears 1-Year High
The Eurozone consumer price inflation is expected to hold steady at 0.9 percent year-on-year in February 2021, unchanged from the previous month's 11-month high and in line with market expectations, a preliminary estimate showed. Energy prices should decline at a softer pace (-1.7 percent vs -4.2 percent in January), while a slowdown in inflation was probably recorded for services (1.2 percent vs 1.4 percent), non-energy industrial goods (1.0 percent vs 1.5 percent) and food, alcohol & tobacco (1.4 percent vs 1.5 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 1.1 percent in February, from 1.4 percent in January.
Published on 2021-03-02

Eurozone Inflation Rate Confirmed at 11-Month High
The consumer price inflation rate in the Euro Area was confirmed at 0.9 percent year-on-year in January 2021, the highest since February last year, boosted mainly by a jump in cost for services (1.4 percent vs 0.7 percent in December) and non-energy industrial goods (1.5 percent vs -0.5 percent). Food, alcohol & tobacco inflation also picked up (1.5 percent vs 1.3 percent), while energy prices fell at a slower pace (-4.2 percent vs -6.9 percent).
Published on 2021-02-23

Eurozone Inflation Rate Highest in a Year
Annual inflation rate in the Euro Area jumped to 0.9 percent in January of 2021, the highest rate since February of 2020, and ending 5 months of deflation. Figures beat market forecasts of a 0.5 percent rise, preliminary estimates showed. Prices of food, alcohol & tobacco are expected to increase the most in January (1.5 percent vs 1.3 percent), followed by services (1.4 percent vs 0.7 percent) and non-energy industrial goods (1.4 percent vs -0.5 percent) while cost of energy is likely to decrease less (-4.1 percent vs -6.9 percent). On a monthly basis, consumer prices were up 0.2 percent. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, jumped to 1.4 percent in January from a record low of 0.2 percent in each of the previous four months.
Published on 2021-02-03

Eurozone Consumer Prices Fall for 5th Month
Consumer prices in the Euro Area dropped 0.3 percent from a year earlier in December 2020, a fifth consecutive month of decline, with downward pressure coming from energy (-6.9 percent vs -8.3 percent in November) and non-energy industrial goods (-0.5 percent vs -0.3 percent). At the same time, food, alcohol & tobacco inflation slowed to 1.3 percent from 1.9 percent, while cost for services rose 0.7 percent, compared with 0.6 percent in November. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent in December, the lowest on record.
Published on 2021-01-20

Euro Area Consumer Prices Fall 0.3% in December
Consumer prices in the Euro Area are seen falling 0.3 percent year-on-year in December of 2020, the same as in each of the previous three months and compared to market forecasts of a 0.2 percent fall. Preliminary estimates showed energy prices continue to fall the most (-6.9 percent vs -8.3 percent), followed by non-energy industrial goods (-0.5 percent vs -0.3 percent). On the other hand, prices increased for food, alcohol and tobacco (1.4 percent vs 1.9 percent). On a monthly basis, prices increased 0.3 percent, the biggest rate in six months. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2021-01-07

Eurozone Consumer Price Deflation Confirmed
Eurozone consumer prices fell for a third consecutive month by 0.3 percent year-on-year in November 2020, the steepest decline since April 2016, amid subdued demand due to the coronavirus crisis. Prices fell for both energy (-8.3 percent vs -8.2 percent in October) and non-energy industrial goods (-0.3 percent vs -0.1 percent). At the same time, food, alcohol & tobacco increased at a slightly softer pace (1.9 percent vs 2.0 percent) and services inflation picked up (0.6 percent vs 0.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2020-12-17

Euro Area Deflation Extends for 4th Month
Consumer prices in the Euro Area went down 0.3 percent year-on-year in November of 2020, the same as in each of the previous two months and worse than market forecasts of a 0.2 percent decline, a flash estimate showed. It is the fourth straight month of deflation as energy cost declined 8.4 percent and non-energy industrial goods were down 0.3 percent. In contrast, the main upward pressure came from prices of food, alcohol and tobacco (1.9 percent) and services (0.6 percent). Core inflation which excludes energy, food, alcohol and tobacco was steady at 0.2 percent. On a monthly basis, consumer prices also declined by 0.3 percent.
Published on 2020-12-01

Eurozone Consumer Prices Fall 0.3% in October
The Eurozone consumer prices dropped 0.3 percent from a year earlier in October 2020, matching the previous month's decline, which was the steepest since April 2016. Prices fell for both energy products (-8.2 percent, the same as in September) and non-energy industrial goods (-0.1 percent vs -0.3 percent). At the same time, services inflation slowed to 0.4 percent from 0.5 percent, while food, alcohol & tobacco prices rose at a faster pace (2.0 percent vs 1.8 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent, the lowest on record.
Published on 2020-11-18

Eurozone Consumer Prices Fall for 3rd Month
The Eurozone consumer prices are expected to drop 0.3 percent from a year earlier in October 2020, the same as in the previous month and matching market expectations, a preliminary estimate showed. Prices should decline further for both energy products (-8.4 percent vs -8.2 percent in September) while cost of non-energy industrial goods is set to fall at a softer pace (-0.1 percent vs -0.3 percent). At the same time, inflation is set to slow for services (0.4 percent vs 0.5 percent). Meanwhile, prices of food, alcohol & tobacco is expected to rise at a faster pace (2 percent vs 1.8 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 likely to remain unchanged at a record low of 0.2 percent.
Published on 2020-10-30

Eurozone Consumer Prices Post Biggest Fall in 4-1/2 Years
The Eurozone consumer prices dropped 0.3 percent from a year earlier in September 2020, the steepest decline since April 2016. Prices fell for both energy products (-8.2 percent vs -7.8 percent in August) and non-energy industrial goods (-0.3 percent vs -0.1 percent). At the same time, services inflation slowed to 0.5 percent from 0.7 percent. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, eased further to 0.2 percent, the lowest on record.
Published on 2020-10-16