The annual inflation rate in Euro Area dropped to 0.8 percent in September 2019 from 1 percent in the previous month, below a preliminary estimate and market expectations of 0.9 percent, final data showed. It was the lowest inflation rate since November 2016, as energy prices fell further. Inflation Rate in the Euro Area averaged 1.99 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 0.90 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 1.10 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.

Euro Area Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 09:00 AM Inflation Rate YoY Flash Aug 1% 1% 1% 1.2%
2019-09-18 09:00 AM Inflation Rate YoY Final Aug 1% 1% 1% 1%
2019-10-01 09:00 AM Inflation Rate YoY Flash Sep 0.9% 1% 0.9% 0.9%
2019-10-16 09:00 AM Inflation Rate YoY Final Sep 0.8% 1% 0.9% 0.9%
2019-10-31 10:00 AM Inflation Rate YoY Flash Oct 0.8% 1.1%
2019-11-15 10:00 AM Inflation Rate YoY Final Oct 0.8%
2019-11-29 10:00 AM Inflation Rate YoY Flash Nov



Eurozone Inflation Rate Unexpectedly Revised Down to 0.8%

The annual inflation rate in Euro Area dropped to 0.8 percent in September 2019 from 1 percent in the previous month, below a preliminary estimate and market expectations of 0.9 percent, final data showed. It was the lowest inflation rate since November 2016, as energy prices fell further.

Cost of energy declined 1.8 percent, following a 0.6 percent fall in August. Also, prices slowed for food, alcohol & tobacco (1.6 percent from 2.1 percent), mostly due to unprocessed food (0.7 percent from 2.5 percent) and processed food, alcohol & tobacco (1.8 percent from 1.9 percent); and non-energy industrial goods (0.2 percent from 0.3 percent). Meanwhile, cost of services went up 1.5 percent, faster than a 1.3 percent rise in the prior month. 

Among Eurozone's largest economies, the highest annual rate was recorded in France (1.1 percent), followed by Germany (0.9 percent), Italy (0.2 percent) and Spain (0.2 percent).

The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was at 1 percent, after a 0.9 percent gain in August and matching a preliminary reading and market forecasts.

On a monthly basis, consumer prices advanced 0.2 percent, following a 0.1 percent increase in the previous month and in line with consensus. 


Eurostat | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/16/2019 9:13:30 AM


News

Eurozone September Inflation Rate Unexpectedly Slows
The annual inflation rate in the Euro Area is expected to ease to 0.9 percent in September 2019 from 1 percent in the previous month and slightly below market expectations of 1 percent, a preliminary estimate showed. It was the lowest inflation rate since November 2016, amid a slowdown in cost of food, alcohol & tobacco and a further fall in prices of energy.
Published on 2019-10-01

Eurozone Inflation Rate Unchanged at Near 3-Year Low
The annual inflation rate in Euro Area was at 1 percent in August 2019, unchanged from the previous month and in line with a preliminary estimate and market expectations, final data showed. It remained the lowest inflation rate since November 2016, as energy prices fell while cost of food, alcohol & tobacco rose further.
Published on 2019-09-18

Eurozone August Inflation Rate Steady at Near 3-Year Low
The annual inflation rate in the Euro Area came in at 1 percent in August 2019, unchanged from the previous month and in line with market consensus, a preliminary estimate showed. It remained the lowest inflation rate since November 2016, as cost of energy is expected to fall while prices of food, alcohol & tobacco and services are seen rising further.
Published on 2019-08-30

Eurozone July Inflation Rate Revised Down to Near 3-Year Low
The annual inflation rate in Euro Area decreased to 1 percent in July of 2019 from 1.3 percent in the previous month and below preliminary estimates of 1.1 percent. It was the lowest inflation since November of 2016, as cost went up at a softer pace for energy and services.
Published on 2019-08-19



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 1.00 5.00 -0.60 percent [+]
Inflation Rate Mom 0.20 0.10 1.30 -1.50 percent [+]
Consumer Price Index CPI 105.29 105.06 105.41 70.40 Index Points [+]
Core Consumer Prices 104.71 104.32 104.72 75.10 Index Points [+]
Core Inflation Rate 1.00 0.90 2.60 0.60 percent [+]
GDP Deflator 110.78 110.26 110.78 76.54 Index Points [+]
Producer Prices 104.00 104.50 106.20 49.10 Index Points [+]
Producer Prices Change -0.80 0.10 10.80 -8.20 percent [+]
Import Prices 100.60 100.70 101.50 93.30 Index Points [+]
Food Inflation 1.20 1.90 6.90 -1.60 percent [+]
CPI Housing Utilities 105.05 104.96 105.28 60.35 Index Points [+]
CPI Transportation 106.39 107.87 107.87 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.00 5.00 -0.60 1991 - 2019 percent Monthly




Country Last Previous
Argentina 53.50 Sep/19
Australia 1.60 Jun/19
Brazil 2.89 Sep/19
Canada 1.90 Sep/19
China 3.00 Sep/19
Euro Area 0.80 Sep/19
France 0.90 Sep/19
Germany 1.20 Sep/19
India 3.99 Sep/19
Indonesia 3.39 Sep/19
Italy 0.30 Sep/19
Japan 0.30 Aug/19
Mexico 3.00 Sep/19
Netherlands 2.60 Sep/19
Russia 4.00 Sep/19
Saudi Arabia -1.10 Aug/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea -0.40 Sep/19
Spain 0.10 Sep/19
Switzerland 0.10 Sep/19
Turkey 9.26 Sep/19
United Kingdom 1.70 Sep/19
United States 1.70 Sep/19


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