The annual inflation rate in the Euro Area is expected to ease further to 1.4 percent in January 2019 from 1.6 percent in the previous month and in line with market consensus, a preliminary estimate showed. This should be the lowest rate since April. Inflation Rate in the Euro Area averaged 1.97 percent from 1991 until 2019, 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 1.60 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 1.80 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Euro Area Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 1.4% 1.6% 1.4% 1.5%
2019-02-22 10:00 AM Inflation Rate YoY Final 1.6% 1.4% 1.4%
2019-03-01 10:00 AM Inflation Rate YoY Flash 1.5% 1.4%
2019-03-15 10:00 AM Inflation Rate YoY Final



Eurozone Inflation Rate Falls to 9-Month Low

The annual inflation rate in the Euro Area is expected to ease further to 1.4 percent in January 2019 from 1.6 percent in the previous month and in line with market consensus, a preliminary estimate showed. This should be the lowest rate since April.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (2.6 percent), followed by food, alcohol & tobacco (1.8 percent), services (1.6 percent) and non-energy industrial goods (0.3 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 edge higher to 1.1 percent in January from 1 percent in December and slightly above market consensus of 1 percent.


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/1/2019 10:08:21 AM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.60 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 1.10 1.00 2.60 0.60 percent [+]
GDP Deflator 109.78 109.37 109.78 76.59 Index Points [+]
Producer Prices 105.10 105.90 106.20 49.10 Index Points [+]
Producer Prices Change 3.00 4.00 10.80 -8.20 percent [+]
Import Prices 100.70 100.90 101.50 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.60 5.00 -0.70 1991 - 2019 percent Monthly




Country Last Previous
Argentina 48.90 Jan/19
Australia 1.80 Dec/18
Brazil 3.78 Jan/19
Canada 2.00 Dec/18
China 1.70 Jan/19
Euro Area 1.40 Jan/19
France 1.20 Jan/19
Germany 1.40 Jan/19
India 2.05 Jan/19
Indonesia 2.82 Jan/19
Italy 0.90 Jan/19
Japan 0.30 Dec/18
Mexico 4.37 Jan/19
Netherlands 2.20 Jan/19
Russia 5.00 Jan/19
Saudi Arabia 2.20 Dec/18
Singapore 0.50 Dec/18
South Africa 4.50 Dec/18
South Korea 0.80 Jan/19
Spain 1.00 Jan/19
Switzerland 0.60 Jan/19
Turkey 20.35 Jan/19
United Kingdom 1.80 Jan/19
United States 1.60 Jan/19


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