The annual core inflation in the Euro Area, 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 of 2020, the lowest on record. source: EUROSTAT
Core Inflation Rate in the Euro Area averaged 1.36 percent from 1997 until 2020, reaching an all time high of 2.60 percent in March of 2002 and a record low of 0.20 percent in September of 2020. This page provides the latest reported value for - Euro Area Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Core Inflation Rate in Euro Area is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Euro Area to stand at 1.50 in 12 months time. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.