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

Consumer prices in the Euro Area increased 1.4 percent year-on-year in May of 2017, slowing from a 1.9 percent rise in April and matching preliminary estimates. It is the lowest inflation rate so far this year as cost of fuel and heating oil slowed and prices of telecommunication fell further, final figures showed. 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-17 09:00 AM Apr 1.9% 1.5% 1.9% 1.9%
2017-05-31 09:00 AM May 1.4% 1.9% 1.5% 1.7%
2017-06-16 09:00 AM May 1.4% 1.9% 1.4% 1.4%
2017-06-30 09:00 AM Jun 1.4% 1.2% 1.2%
2017-07-17 09:00 AM Jun 1.4%
2017-07-31 09:00 AM Jul 1.31%




Euro Area Inflation Rate Confirmed At 5-Month Low


Consumer prices in the Euro Area increased 1.4 percent year-on-year in May of 2017, slowing from a 1.9 percent rise in April and matching preliminary estimates. It is the lowest inflation rate so far this year as cost of fuel and heating oil slowed and prices of telecommunication fell further, final figures showed.

The largest downward impacts came from telecommunication (prices down 1.7 percent following a 1.4 percent drop in April); social protection (-0.9 percent); garments (prices edged up 0.2 percent, the same as in April). In addition, prices rose less for fuels for transport (5.9 percent compared to 11.2 percent in April) and heating oil (10.3 percent from 21.2 percent). Prices went up 4.5 percent for accomodation services. 

The lowest annual rates were registered in Ireland (0 percent from 0.7 percent in April), the Netherlands (0.7 percent from 1.4 percent), France (0.9 percent from 1.4 percent), Finland (0.9 percent from 1 percent) and Cypus (0.9 percent from 2.1 percent). The highest annual rates were seen in Estonia (3.5 percent from 3.6 percent), Lithuania (3.2 percent from 3.5 percent) and Latvia (2.7 percent from 3.3 percent). German inflation was 1.4 percent (2 percent in April) and in Italy it was 1.6 percent (2 percent in April).

Excluding prices of processed food, alcohol and tobacco, the inflation declined to 0.9 percent from 1.2 percent in April and excluding energy only it fell to 1.1 percent from 1.3 percent.

Considering the whole European Union, the inflation rate eased to 1.6 percent from 2 percent in April. 

On a monthly basis, consumer prices declined 0.1 percent, the first fall in four months. 


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/16/2017 1:09:51 PM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.90 5.00 -0.70 percent [+]
Inflation Rate Mom -0.10 0.40 1.35 -1.60 percent [+]
Consumer Price Index CPI 101.92 102.04 102.04 70.52 Index Points [+]
Core Consumer Prices 102.17 102.25 102.25 75.11 Index Points [+]
Core Inflation Rate 0.90 1.20 2.60 0.60 percent [+]
GDP Deflator 107.15 107.20 107.20 76.59 Index Points [+]
Producer Prices 104.50 104.50 109.40 50.70 Index Points [+]
Producer Prices Change 4.30 3.90 10.70 -8.10 percent [+]
Import Prices 104.40 104.30 104.80 96.00 Index Points [+]
Food Inflation 1.40 1.30 6.90 -1.60 percent [+]
Cpi Housing Utilities 100.66 100.82 100.94 60.35 Index Points [+]
Cpi Transportation 101.40 102.47 104.05 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.90 5.00 -0.70 1991 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17