Inflation in Eurozone

Eurozone Harmonized Inflation | Economic News & Forecasts

Eurozone - Harmonized Inflation

Inflation falls in January

According to a preliminary release by Eurostat on 1 February, harmonized inflation is expected be 1.4% in January, sitting below the European Central Bank’s target rate of near, but under, 2.0%. Rising prices for energy and food, alcohol and tobacco products were chiefly behind January’s inflation. Meanwhile, core inflation, which strips out volatile energy and unprocessed foods prices, came in at a softer 1.2% in January.

With January’s flash release, Eurostat changed how it calculates HICP and its aggregates. Revised historical data will be released on 22 February, along with a more comprehensive estimate of January’s inflation.

Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.6% in 2019. For 2020, panelists expect inflation to also average 1.6%.

Eurozone - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)1.4  0.4  0.0  0.2  1.5  

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Eurozone Harmonized Inflation Chart

Euro Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Eurostat and Met the why particular calculations.

Eurozone Facts

Exchange Rate1.130.65 %Feb 21
Stock Market1,129-0.52 %Feb 21

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