The annual inflation rate in the Euro Area fell to 1.4 percent in March 2019 from 1.5 percent in the previous month, in line with the preliminary estimate and market expectations, final data showed. Prices slowed for food, alcohol & tobacco; services and non-energy industrial goods. Inflation Rate in the Euro Area averaged 2 percent from 1991 until 2019, reaching an all time high of 5 percent in July of 1991 and a record low of -0.60 percent in July of 2009.

Inflation Rate in Euro Area is expected to be 1.40 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 1.20 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.

Euro Area Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 10:00 AM Inflation Rate YoY Flash 1.5% 1.4% 1.5% 1.4%
2019-03-15 10:00 AM Inflation Rate YoY Final 1.5% 1.4% 1.5% 1.5%
2019-04-01 09:00 AM Inflation Rate YoY Flash 1.4% 1.5% 1.4% 1.6%
2019-04-17 09:00 AM Inflation Rate YoY Final 1.4% 1.5% 1.4% 1.4%
2019-05-03 09:00 AM Inflation Rate YoY Flash 1.4% 1.5% 1.5%
2019-05-17 09:00 AM Inflation Rate YoY Final
2019-06-04 09:00 AM Inflation Rate YoY Flash



Euro Area March Inflation Rate Confirmed at 1.4%

The annual inflation rate in the Euro Area fell to 1.4 percent in March 2019 from 1.5 percent in the previous month, in line with the preliminary estimate and market expectations, final data showed. Prices slowed for food, alcohol & tobacco; services and non-energy industrial goods.

Prices eased for food, alcohol & tobacco (1.8 percent from 2.3 percent in February), namely processed food, alcohol & tobacco (2.0 percent from 2.1 percent) and unprocessed food (1.1 percent from 2.9 percent); non-energy industrial goods (0.1 percent from 0.4 percent); and services (1.1 percent from 1.4 percent). On the other hand, cost of energy rose further (5.3 percent from 3.6 percent).

Among Eurozone's largest economies, the highest annual rate was registered in Germany (1.4 percent), followed by France (1.3 percent), Spain (1.3 percent) and Italy (1.1 percent).

Annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, slowed to 0.8 percent in March from 1.0 percent in February.

On a monthly basis, consumer prices went up 1.0 percent, after a 0.3 percent gain and matching market forecasts. Prices were boosted by non-energy industrial goods (3.0 percent), energy (0.8 percent), and services (0.4 percent) while prices of food, alcohol & tobacco were flat.


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/17/2019 9:18:58 AM


News

Eurozone Inflation Rate Falls Below Forecasts
The annual inflation rate in the Euro Area is expected to ease to 1.4 percent in March 2019, matching January's nine-month low, from 1.5 percent in the previous month and slightly below market consensus of 1.5 percent, a preliminary estimate showed.
Published on 2019-04-01

Eurozone February Inflation Rate Confirmed at 1.5%
The annual inflation rate in the Euro Area came in at 1.5 percent in February 2019, unchanged from the preliminary estimate and slightly above January's nine-month low of 1.4 percent.
Published on 2019-03-15

Eurozone Inflation Rate Rises to 1.5% in February
The annual inflation rate in the Euro Area is expected to pick up to 1.5 percent in February 2019 from a nine-month low of 1.4 percent in the previous month and in line with market consensus, a preliminary estimate showed.
Published on 2019-03-01

Eurozone January Inflation Confirmed at 9-Month Low
The annual inflation rate in the Euro Area came in at 1.4 percent in January 2019, unchanged from the preliminary estimate and below December's final reading of 1.5 percent. It was the lowest rate since April.
Published on 2019-02-22



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.50 5.00 -0.60 percent [+]
Inflation Rate Mom 1.00 0.30 1.30 -1.50 percent [+]
Consumer Price Index CPI 104.35 103.30 104.68 70.40 Index Points [+]
Core Consumer Prices 103.42 102.07 103.72 75.10 Index Points [+]
Core Inflation Rate 0.80 1.00 2.60 0.60 percent [+]
GDP Deflator 110.14 109.71 110.14 76.59 Index Points [+]
Producer Prices 105.50 105.40 106.20 49.10 Index Points [+]
Producer Prices Change 3.00 2.90 10.80 -8.20 percent [+]
Import Prices 100.80 100.60 101.50 93.30 Index Points [+]
Food Inflation 1.30 1.80 6.90 -1.60 percent [+]
CPI Housing Utilities 105.28 105.23 105.28 60.35 Index Points [+]
CPI Transportation 105.34 104.44 107.22 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.50 5.00 -0.60 1991 - 2019 percent Monthly




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.30 Mar/19
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.10 Mar/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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