Inflation in Eurozone
Eurozone - Inflation
Inflation drops in December
According to complete data released by Eurostat on 17 January, harmonized inflation came in at 1.6% in December, matching the preliminary estimate and below November’s 1.9%. December’s result marks an eight-month low. Inflation sits below the European Central Bank’s target rate of near, but under, 2.0%. Lower price pressures for energy as the impact from higher oil prices faded drove December’s fall.
Annual average harmonized inflation was unchanged at November’s 1.7% in December. Core inflation was also stable at the previous month’s 1.1%. On a monthly basis, harmonized consumer prices recorded flat growth, contrasting the 0.2% drop seen in November.
Among the countries in the common-currency bloc, Greece (0.6%) and Portugal (0.6%) recorded the lowest inflation in December. On the flipside, Estonia (3.3%) and Latvia (2.5%) experienced the highest price pressures. Regarding the largest economies in the Eurozone, inflation fell across-the-board, with price pressures easing in France (1.9%), Germany (1.8%), Italy (1.2%) and Spain (1.2%) in December.
Eurozone Inflation Forecast
Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.6% in 2019. For 2020, panelists also 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||1.14||0.65 %||Jan 21|
|Stock Market||1,084||-0.52 %||Jan 21|
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January 17, 2019
According to complete data released by Eurostat on 17 January, harmonized inflation came in at 1.6% in December, matching the preliminary estimate and below November’s 1.9%.
January 14, 2019
Industrial output plunged in November, falling a seasonally-adjusted 1.7% over the previous month.
January 9, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc improved in November.
January 8, 2019
Economic sentiment in the Eurozone continued to plunge in December, ending 2018 on a downbeat note.
January 4, 2019
According to a preliminary release by Eurostat on 4 January, harmonized inflation dropped to 1.6% in December, down from 1.9% in November.