Euro Area Inflation Rate  1991-2017 | Data | Chart | Calendar | Forecast

Consumer prices in the Euro Area increased by 1.5 percent year-on-year in August 2017, in line with the preliminary estimate and following a 1.3 percent gain in the previous month. It was the highest inflation rate since April, boosted by a jump in energy prices. Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1.2 percent, unchanged from July. Inflation Rate in the Euro Area averaged 1.99 percent from 1991 until 2017, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009.

Euro Area Inflation Rate
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Eurozone August Inflation Rate Confirmed at 4-Month High


Consumer prices in the Euro Area increased by 1.5 percent year-on-year in August 2017, in line with the preliminary estimate and following a 1.3 percent gain in the previous month. It was the highest inflation rate since April, boosted by a jump in energy prices.

Year-on-year, energy prices jumped 4 percent after rising by 2.2 percent in July. Additional upward pressure came from: Processed food, alcohol and tobacco (2 percent from 1.9 percent in July); services (1.6 percent, the same as in July); unprocessed food (0.6 percent, the same as in July); and non-energy industrial goods (0.5 percent, the same as in July).

Among Eurozone's largest economies, the highest annual rate was registered in Spain (2 percent), followed by Germany (1.8 percent), Italy (1.4 percent) and France (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, was also confirmed at 1.2 percent, unchanged from July.

On a monthly basis, consumer prices rose 0.3 percent, in line with market consensus and after dropping 0.5 percent in July.

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/18/2017 9:17:25 AM


Recent Releases

Eurozone August Inflation Rate Stronger than Expected
Consumer prices in the Euro Area are expected to increase by 1.5 percent year-on-year in August 2017, beating market expectations of 1.4 percent and following a 1.3 percent gain in the previous month, the flash estimate showed. It was the highest inflation rate since April, mainly boosted by rising energy prices.
Published on 2017-08-31

Eurozone July Inflation Rate Confirmed at 1.3%
Consumer prices in the Euro Area increased by 1.3 percent year-on-year in July 2017, the same pace as in the previous month and in line with the preliminary estimate. The inflation rate stood at its lowest level since December last year, as prices of unprocessed food rose at a slower pace while cost of energy, processed food, alcohol and tobacco, and non-energy industrial goods grew further.
Published on 2017-08-17

Eurozone Inflation Rate Flat at 1.3% in July
Consumer prices in the Euro Area are expected to increase by 1.3 percent year-on-year in July 2017, the same pace as in the previous month and in line with market expectations, the flash estimate showed. The inflation rate stood at its lowest level since December last year, as prices of services rose at a slower pace while cost of energy grew further.
Published on 2017-07-31

Eurozone June Inflation Rate Confirmed At 6-Month Low
Consumer prices in the Euro Area increased by 1.3 percent year-on-year in June 2017, matching the flash estimate and easing from a 1.4 percent rise in May. It was the lowest inflation rate since December last year, as cost of energy and unprocessed food rose at a slower pace, final figures showed.
Published on 2017-07-17



Calendar GMT Actual Previous Consensus TEForecast
2017-08-17 09:00 AM Inflation Rate YoY Final 1.3% 1.3% 1.3% 1.3%
2017-08-31 09:00 AM Inflation Rate YoY Flash 1.5% 1.3% 1.4% 1.5%
2017-09-18 09:00 AM Inflation Rate YoY Final 1.5% 1.3% 1.5% 1.5%
2017-09-29 09:00 AM Inflation Rate YoY Flash 1.5% 1.4% 1.6%
2017-10-17 09:00 AM Inflation Rate YoY Final 1.5%
2017-10-31 10:00 AM Inflation Rate YoY Flash 1.50%


Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.30 5.00 -0.70 percent [+]
Inflation Rate Mom 0.30 -0.50 1.35 -1.60 percent [+]
Consumer Price Index CPI 101.44 101.95 102.04 70.52 Index Points [+]
Core Consumer Prices 102.04 101.76 102.40 75.11 Index Points [+]
Core Inflation Rate 1.20 1.20 2.60 0.60 percent [+]
GDP Deflator 107.67 107.26 107.67 76.59 Index Points [+]
Producer Prices 104.00 104.00 109.40 50.70 Index Points [+]
Producer Prices Change 2.00 2.40 10.70 -8.10 percent [+]
Import Prices 103.30 103.50 104.80 96.00 Index Points [+]
Food Inflation 1.10 1.20 6.90 -1.60 percent [+]
CPI Housing Utilities 100.59 100.64 100.94 60.35 Index Points [+]
CPI Transportation 101.90 101.30 104.05 66.00 Index Points [+]


Euro Area Inflation Rate Notes

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 5.00 -0.70 1991 - 2017 percent Monthly



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17