Inflation in Eurozone
Eurozone - Inflation
Inflation inches up in September
According to complete data released by Eurostat on 17 October, harmonized inflation came in at 2.1% in September, matching the preliminary estimate. The result was slightly above August’s 2.0% 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 food, alcohol and tobacco products, as well as energy costs drove September’s uptick.
Annual average inflation was unchanged at August’s 1.6% in September. Meanwhile, core inflation edged down to 1.1% from August’s 1.2%. On a monthly basis, harmonized consumer prices rose 0.5% in September, above August’s 0.2% increase.
Among the countries in the common-currency bloc, Estonia (3.5%) and Latvia (3.3%) experienced the highest inflation. On the flipside, Ireland (1.3%) and Greece (1.1%) recorded the lowest inflation. Regarding the largest economies in the Eurozone, inflation edged down in France (2.5%) and Italy (1.5%) but rose in Germany (2.2%) and Spain (2.3%).
Eurozone Inflation Forecast
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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Inflation Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.16||0.65 %||Oct 16|
|Stock Market||1,130||-0.52 %||Oct 16|
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October 17, 2018
According to complete data released by Eurostat on 17 October, harmonized inflation came in at 2.1% in September, matching the preliminary estimate.
September 27, 2018
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September 17, 2018
According to complete data released by Eurostat on 17 September, harmonized inflation came in at 2.0% in August.
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