Inflation in Eurozone

Eurozone Harmonized Inflation (eop) | Economic News & Forecasts

Eurozone - Harmonized Inflation (end of period)

Inflation confirmed at 2.0% in August

According to complete data released by Eurostat on 17 September, harmonized inflation came in at 2.0% in August. The result was slightly below July’s 2.1%—the highest reading since February 2017—and matched the preliminary estimate. As a result, inflation now sits just above the European Central Bank’s target rate of near, but below, 2.0%.

The uptick in inflation was chiefly due to a jump in energy costs, on the back of higher global oil prices. In addition, prices for services also rose in August.

Annual average inflation ticked up to 1.6% from 1.5% in July. Meanwhile, core inflation edged down to 1.2% from July’s 1.3%. On a monthly basis, harmonized consumer prices rose 0.2%, contrasting July’s 0.3% fall.

Among the countries in the common-currency bloc, Estonia (3.5%), Slovakia (2.9%) and Latvia (2.8%) experienced the highest inflation. Meanwhile, Ireland and Greece (each at 0.9%) recorded the lowest inflation. Regarding the largest economies in the Eurozone, inflation was stable in France (2.6%) but fell in Spain (2.2%), Germany (1.9%) and Italy (1.6%).

Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.6% in 2018. For 2019, panelists expect inflation to also average 1.6%.

Eurozone - Harmonized Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %, eop)0.9  -0.2  0.2  1.1  1.4  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Eurozone Harmonized Inflation (eop) Chart


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

Eurozone Facts

ValueChangeDate
Exchange Rate1.180.65 %Sep 20
Stock Market1,188-0.52 %Sep 20

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form