Inflation in Eurozone
Eurozone - Inflation
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 - 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||1.17||0.65 %||Jun 14|
|Stock Market||1,230||-0.52 %||Jun 14|
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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.
June 13, 2018
Industrial output contracted in April, contrasting March’s rise and marking the fourth contraction in the last five months.
June 7, 2018
The third estimate of GDP for the first quarter released by Eurostat confirmed that the economy started 2018 on a soft note.
May 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc improved in April.
May 30, 2018
Economic sentiment in the Eurozone fell slightly in May, continuing a downward trend seen over the past four months.