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. 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 1.20 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 1.30 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
2019-06-28 09:00 AM Inflation Rate YoY Flash Jun 1.2% 1.2% 1.2% 1.3%
2019-07-17 09:00 AM Inflation Rate YoY Final Jun 1.3% 1.2% 1.2% 1.2%
2019-07-31 09:00 AM Inflation Rate YoY Flash Jul 1.1% 1.3% 1.1% 1.2%
2019-08-19 09:00 AM Inflation Rate YoY Final Jul 1% 1.3% 1.1% 1.1%
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%
2019-10-01 09:00 AM Inflation Rate YoY Flash Sep 1.2%



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.

Prices slowed for energy (0.5 percent from 1.7 percent in June) and services (1.2 percent from 1.6 percent). On the other hand, cost rose faster for food, alcohol & tobacco (1.9 percent from 1.6 percent), of which processed food, alcohol & tobacco (2 percent from 1.9 percent) and unprocessed food (1.7 percent from 0.7 percent); and non-energy industrial goods (0.4 percent from 0.3 percent). 

Among Eurozone's largest economies, the highest annual rate was recorded in France (1.3 percent), followed by Germany (1.1 percent), Spain (0.6 percent) and Italy (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, was confirmed at 0.9 percent, down from 1.1 percent in the prior month and in line with market consensus.

On a monthly basis, consumer prices dropped 0.5 percent, after a 0.2 percent gain in June and compared with flash estimates of a 0.4 percent decrease. 


Eurostat | Agna Gabriel | agna.gabriel@tradingeconomics.com
8/19/2019 9:13:46 AM


News

Eurozone Inflation Rate at Near 1-1/2-Year Low
The annual inflation rate in the Euro Area is expected to fall to 1.1 percent in July of 2019 from 1.3 percent in the previous month and in line with market expectations, a preliminary estimate showed. It is the lowest inflation rate since February last year, mainly due to a slowdown in cost of energy and services.
Published on 2019-07-31

Eurozone June Inflation Rate Revised Up to 1.3%
The annual inflation rate in the Euro Area rose to 1.3 percent in June 2019, slightly above a preliminary and market expectations of 1.2 percent. Cost advanced at a faster pace for food, alcohol & tobacco and services.
Published on 2019-07-17

Eurozone June Inflation Rate Steady at 1.2%
The annual inflation rate in the Euro Area stood at 1.2 percent in June 2019, unchanged from the previous month and in line with market expectations, a preliminary estimate showed. It remained the lowest inflation rate since April last year, due to a slowdown in cost of energy.
Published on 2019-06-28

Eurozone May Inflation Rate Confirmed at Over 1-Year Low
The annual inflation rate in the Euro Area fell to 1.2 percent in May 2019 from 1.7 percent in the previous month and matching a preliminary estimate and market expectations. It is the lowest inflation rate since April last year, amid a slowdown in cost of energy and services.
Published on 2019-06-18



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.30 5.00 -0.60 percent [+]
Inflation Rate Mom -0.50 0.20 1.30 -1.50 percent [+]
Consumer Price Index CPI 104.91 105.41 105.41 70.40 Index Points [+]
Core Consumer Prices 104.08 104.72 104.72 75.10 Index Points [+]
Core Inflation Rate 0.90 1.10 2.60 0.60 percent [+]
GDP Deflator 110.62 110.17 110.62 76.58 Index Points [+]
Producer Prices 104.40 105.00 106.20 49.10 Index Points [+]
Producer Prices Change 0.70 1.60 10.80 -8.20 percent [+]
Import Prices 100.80 101.00 101.50 93.30 Index Points [+]
Food Inflation 1.70 1.30 6.90 -1.60 percent [+]
CPI Housing Utilities 105.00 105.05 105.28 60.35 Index Points [+]
CPI Transportation 107.65 107.13 107.65 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.30 5.00 -0.60 1991 - 2019 percent Monthly




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jul/19
China 2.80 Jul/19
Euro Area 1.00 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.50 Jul/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.00 Jul/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


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