Inflation in Eurozone
Eurozone - Harmonized Inflation
Inflation edges down in March
Complete data confirmed harmonized inflation came in at 1.4% in March, slightly below February’s 1.5%. Inflation sits below the European Central Bank’s target rate of near, but under, 2.0%. Lower price pressures for food, alcohol & tobacco drove March’s fall.
Annual average harmonized inflation was unchanged at February’s 1.8% in March. Core inflation, meanwhile, fell to 1.0% from February’s 1.2%. Despite the ECB’s ultra-accommodative monetary policy underlying price pressures in the Eurozone remain weak. On a monthly basis, harmonized consumer prices rose 1.0% in March, a stronger increase then February’s 0.3%.
Among the countries in the common-currency bloc, Greece (1.1%) and Portugal (0.8%) recorded the lowest inflation in March. On the flipside, the Netherlands (2.9%) and Slovakia (2.8%) experienced the highest price pressures. Regarding the largest economies in the Eurozone, inflation fell in France (1.3%) and Germany (1.4%) but rose in Spain (1.3%). Italy’s inflation was unchanged at February’s 1.1% in March.
Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.4% in 2019. For 2020, panelists expect inflation to average 1.5%.
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 %||Jan 30|
|Stock Market||1,096||-0.52 %||Jan 30|
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April 18, 2019
Leading indicators point to another lackluster month for the Euro area’s economy.
April 17, 2019
Complete data confirmed harmonized inflation came in at 1.4% in March, slightly below February’s 1.5%.
April 12, 2019
Industrial output contracted again in February, recording the third drop in four months amid soft incoming data for the Eurozone economy.
April 11, 2019
The European Central Bank (ECB) made no changes to its monetary policy in April, leaving interest rates at record-low levels against the backdrop of a sharp cool-off in growth.
April 1, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly unchanged in February.