Inflation in Eurozone
Eurozone - Harmonized Inflation
Inflation inches up in October
According to complete data released by Eurostat on 16 November, harmonized inflation came in at 2.2% in October, matching the preliminary estimate. The result was slightly above September’s 2.1% and marked one of the highest readings seen in the past two years. Inflation sits just above the European Central Bank’s target rate of near, but below, 2.0%. Higher price pressures for energy and services drove October’s inflation reading.
Annual average inflation inched up from 1.6% in September to 1.7% in October. Meanwhile, core inflation edged up to 1.2% from September’s 1.1%. On a monthly basis, harmonized consumer prices rose 0.2% in October, below September’s 0.5% increase.
Among the countries in the common-currency bloc, Estonia (4.5%) and Latvia (3.2%) experienced the highest inflation. On the flipside, Ireland (1.1%) and Portugal (0.8%) recorded the lowest inflation. Regarding the largest economies in the Eurozone, inflation edged up in Germany (2.4%) but was stable in France (2.5%) and Spain (2.3%).
Eurozone Inflation Forecast
Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.7% in 2019. For 2020, panelists expect inflation to also average 1.6s%.
Eurozone - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.4||0.4||0.0||0.2||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Harmonized Inflation Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.14||0.65 %||Nov 29|
|Stock Market||1,111||-0.52 %||Nov 29|
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November 29, 2018
Economic sentiment in the Eurozone continued to fall in November, maintaining this year’s downward trend.
November 16, 2018
According to complete data released by Eurostat on 16 November, harmonized inflation came in at 2.2% in October, matching the preliminary estimate.
November 14, 2018
Industrial output contracted in September, falling a seasonally-adjusted 0.3% over the previous month.
November 14, 2018
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