Inflation in Eurozone
Eurozone - Harmonized Inflation (end of period)
Inflation falls in April
According to preliminary data released by Eurostat on 3 May, harmonized inflation came in at 1.2% in April, down from March’s 1.3% reading. The result was below market analysts’ expectations of unchanged inflation at 1.3%. As a result, inflation now sits further from the European Central Bank’s target rate of just under 2.0%.
According to Eurostat, the easing in price pressures was chiefly due to a softer increase in prices for services compared with March. Meanwhile, price pressures for energy rose, along with price pressures for food, alcohol and tobacco products. Meanwhile, core inflation—which strips out the volatile prices of energy and unprocessed foods—also fell, decreasing from March’s 1.3% to 1.1% in April. Month-on-month price variations and a more detailed set of data will be released on 16 May.
Eurozone Inflation Forecast
Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.5% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect inflation to average 1.6%.
Eurozone - Harmonized Inflation (eop) Data
|Inflation Rate (HICP, annual variation in %, eop)||0.9||-0.2||0.2||1.1||1.4|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Harmonized Inflation (eop) Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||1,203||-0.52 %||Jul 13|
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July 12, 2018
Industrial output returned to growth in May, rising a seasonally-adjusted 1.3% over the previous month.
July 2, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were largely steady in May.
June 28, 2018
Economic sentiment in the Eurozone eased slightly in June, continuing a downward trend seen over the past six months.
June 22, 2018
Leading data suggests that the Euro area’s economic momentum gained steam in June.
June 14, 2018
The European Central Bank (ECB) announced an upcoming end to its massive quantitative easing (QE) program at its 14 June meeting, signaling the beginning of the end for monetary stimulus in the Eurozone.