Euro Area Inflation Rate  1991-2018 | Data | Chart | Calendar | Forecast

The inflation rate in the Euro Area is expected to edge up to 2 percent year-on-year in June 2018 from the previous month's 1.9 percent, and in line with market expectations. It is the highest rate since February 2017, mainly boosted by higher prices of energy and food. Inflation Rate in the Euro Area averaged 1.97 percent from 1991 until 2018, 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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Eurozone Inflation Rate Picks Up to 16-Month High


The inflation rate in the Euro Area is expected to edge up to 2 percent year-on-year in June 2018 from the previous month's 1.9 percent, and in line with market expectations. It is the highest rate since February 2017, mainly boosted by higher prices of energy and food.

Looking at the main components of euro area inflation, prices are expected to rise at a faster pace for: energy (8 percent vs 6.1 percent in May); food, alcohol and tobacco (2.8 percent vs 2.5 percent), of which processed food, alcohol and tobacco (2.7 percent vs 2.6 percent) and unprocessed food (3 percent vs 2.4 percent); and non-energy industrial goods (0.4 percent vs 0.3 percent). Meanwhile, services inflation should soften to 1.3 percent in June from 1.6 percent in the previous month.

Annual core inflation, which excludes volatile prices of energy and unprocessed food and tobacco and at which the ECB looks in its policy decisions, is expected to slow to 1 percent in June from 1.1 percent in May, also in line with market consensus.


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/29/2018 9:21:55 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-31 09:00 AM Inflation Rate YoY Flash 1.9% 1.2% 1.9% 1.4%
2018-06-15 09:00 AM Inflation Rate YoY Final 1.9% 1.3% 1.9% 1.9%
2018-06-29 09:00 AM Inflation Rate YoY Flash 2% 1.9% 2% 1.7%
2018-07-18 09:00 AM Inflation Rate YoY Final 1.9% 2% 2%
2018-07-31 09:00 AM Inflation Rate YoY Flash 1.9%
2018-08-17 09:00 AM Inflation Rate YoY Final


Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.90 5.00 -0.70 percent [+]
Inflation Rate Mom 0.50 0.30 1.35 -1.60 percent [+]
Consumer Price Index CPI 103.83 103.31 103.83 70.52 Index Points [+]
Core Consumer Prices 103.32 103.01 103.32 75.11 Index Points [+]
Core Inflation Rate 1.00 1.10 2.60 0.60 percent [+]
GDP Deflator 108.72 108.41 108.72 76.55 Index Points [+]
Producer Prices 103.30 102.50 105.20 49.00 Index Points [+]
Producer Prices Change 3.00 1.90 10.80 -8.20 percent [+]
Import Prices 100.60 100.20 104.80 96.00 Index Points [+]
Food Inflation 2.10 1.90 6.90 -1.60 percent [+]
CPI Housing Utilities 102.63 102.20 102.63 60.35 Index Points [+]
CPI Transportation 105.23 104.13 105.23 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.90 5.00 -0.70 1991 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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