Euro Area Inflation Rate1991-2020 Data | 2021-2022 Forecast | Calendar | Historical

Annual inflation rate in the Euro Area is expected to ease to 0.1 percent in May of 2020 from 0.3 percent in April, in line with market expectations. It will be the lowest rate since June of 2016, due to coronavirus containment measures, preliminary estimates showed. Energy costs plunged at a faster pace (-12 percent vs -9.7 percent in April) and prices of food, alcohol and tobacco eased (3.3 percent vs 3.6 percent). In contrast, cost of services rose more (1.3 percent vs 1.2 percent). On a monthly basis, consumer prices edged down 0.1 percent. Excluding energy, food, alcohol & tobacco, the inflation was steady at 0.9 percent.

The Eurozone inflation rate was revised slightly lower to 0.3 percent in April 2020, from a preliminary estimate of 0.4 percent. It was the lowest rate since August 2016, as energy prices fell 9.7 percent, more than initially thought, amid the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Meanwhile, prices rose at a slower pace for services (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent), while food inflation picked up (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to an eight-month low of 0.9 percent. On a monthly basis, consumer prices advanced 0.3 percent, following a 0.5 percent rise in March.

The annual inflation rate in the Euro Area is expected to slow to 0.4 percent in April 2020 from 0.7 percent in the previous month but above market expectations of a 0.1 percent gain, a flash estimate showed. It is the lowest inflation rate since September 2016, as prices were hit by the coronavirus pandemic and an oil price war between Russia and Saudi Arabia. Services prices (1.2 percent vs 1.3 percent in March) and non-energy industrial (0.3 percent vs 0.5 percent) are seen rising at a softer pace. Also, energy cost is set to fall further (-9.6 percent vs -4.3 percent). Meanwhile, food prices should increase at a faster pace (3.6 percent vs 2.4 percent). The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, is likely to ease to 0.9 percent from 1 percent in the prior month. On a monthly basis, consumer prices are expected to advance 0.3 percent, following a 0.5 percent rise in March.

The inflation rate in the Euro Area was confirmed at 0.7 percent year-on-year in March 2020, the lowest since last October, as prices were hit by the Covid-19 outbreak and an oil price war between Saudi Arabia and Russia. Services cost rose at a softer pace (1.3 percent vs 1.6 percent) while energy price deflation deepened sharply (-4.5 percent vs -0.3 percent). Meanwhile, non-energy industrial goods inflation remained at 0.5 percent, while food prices increased at a faster 2.4 percent, compared to 2.1 percent in February. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was also confirmed at 1 percent.