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 accelerate to 1.2 percent from 0.8 percent in the prior month, a flash estimate showed. That was the highest rate since February.
Core Inflation Rate in the Euro Area averaged 1.38 percent from 1997 until 2020, reaching an all time high of 2.60 percent in March of 2002 and a record low of 0.60 percent in January of 2015. 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 August of 2020. source: Eurostat
Core Inflation Rate in Euro Area is expected to be 0.50 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 1.20 in 12 months time. In the long-term, the Euro Area Core Inflation Rate is projected to trend around 1.50 percent in 2021 and 1.60 percent in 2022, according to our econometric models.