The annual inflation rate in the Euro Area came in at 1.6 percent in December 2018, unchanged from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest rate since April as prices of energy and processed food, alcohol & tobacco rose at a softer pace. Inflation Rate in the Euro Area averaged 1.97 percent from 1991 until 2018, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009.

Inflation Rate in Euro Area is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Euro Area to stand at 1.90 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Euro Area Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 10:00 AM Inflation Rate YoY Flash 2% 2.2% 2% 2.2%
2018-12-17 10:00 AM Inflation Rate YoY Final 1.9% 2.2% 2% 2%
2019-01-04 10:00 AM Inflation Rate YoY Flash 1.6% 1.9% 1.8% 1.7%
2019-01-17 10:00 AM Inflation Rate YoY Final 1.6% 1.9% 1.6% 1.6%
2019-02-01 10:00 AM Inflation Rate YoY Flash 1.6%
2019-02-22 10:00 AM Inflation Rate YoY Final 1.6%
2019-03-01 10:00 AM Inflation Rate YoY Flash



Eurozone December Inflation Confirmed at 8-Month Low

The annual inflation rate in the Euro Area came in at 1.6 percent in December 2018, unchanged from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest rate since April.

Prices increased at a slower pace for energy (5.4 percent vs 9.1 percent in November) and processed food, alcohol & tobacco (1.7 percent vs 2 percent). Meanwhile, inflation was unchanged for services (at 1.3 percent) and non-energy industrial goods (at 0.4 percent); and picked up for unprocessed food (1.9 percent vs 1.8 percent).

Among Eurozone's largest economies, the highest annual rate was registered in France (1.9 percent), followed by Germany (1.7 percent), Spain (1.2 percent) and Italy (1.2 percent).

Annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, stood at 1 percent, the same as in November and in line with early estimates.

On a monthly basis, consumer prices were unchanged in December as widely expected by markets, after a 0.2 percent drop in November. A firm increase in prices of services (0.9 percent) and unprocessed food (0.4 percent) was offset by declines in costs of energy (-3.2 percent), processed food, alcohol & tobacco (-0.2 percent) and non-energy industrial goods (-0.2 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/17/2019 10:16:08 AM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.90 5.00 -0.70 percent [+]
Inflation Rate Mom 0.00 -0.20 1.35 -1.60 percent [+]
Consumer Price Index CPI 104.29 104.30 104.49 70.52 Index Points [+]
Core Consumer Prices 103.69 103.21 103.69 75.11 Index Points [+]
Core Inflation Rate 1.00 1.00 2.60 0.60 percent [+]
GDP Deflator 109.78 109.37 109.78 76.59 Index Points [+]
Producer Prices 105.90 106.20 106.20 49.10 Index Points [+]
Producer Prices Change 4.00 4.90 10.80 -8.20 percent [+]
Import Prices 100.90 100.90 101.50 93.30 Index Points [+]
Food Inflation 1.20 1.30 6.90 -1.60 percent [+]
CPI Housing Utilities 104.69 105.21 105.21 60.35 Index Points [+]
CPI Transportation 105.09 106.21 107.22 66.00 Index Points [+]


Euro Area Inflation Rate

In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 5.00 -0.70 1991 - 2018 percent Monthly




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


Related

Latest