Producer Prices in Eurozone
Eurozone - Producer Prices
Inflation nears six-year high in October
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%. October’s reading marked the highest inflation rate since December 2012. As a result, inflation now sits further from the European Central Bank’s target rate of just under 2.0%.
According to Eurostat, higher price pressures were chiefly due to rising prices for energy, which surged over 11% in October compared to the same month last year. Meanwhile, price pressures for food, alcohol and tobacco moderated somewhat from the previous month. Core inflation—which strips out the volatile prices of energy and unprocessed foods—also rose, increasing from September’s 1.1% to 1.3% in October. Month-on-month price variations and a more detailed set of data will be released on 16 November.
Eurozone Inflation Forecast
Met the why particular Consensus Forecast participants see inflation in the Euro area averaging 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect inflation to be steady at 1.7%.
Eurozone - Producer Prices Data
|Inflation (PPI, annual variation in %)||-0.1||-1.5||-2.6||-2.2||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Producer Prices Chart
|Exchange Rate||1.14||0.65 %||Nov 09|
|Stock Market||1,119||-0.52 %||Nov 09|
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October 31, 2018
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%.
October 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in September.
October 30, 2018
The Eurozone economy lost traction in the third quarter, growing at the slowest pace since Q2 2014.
October 25, 2018
At its 25 October monetary policy meeting, the European Central Bank (ECB) decided to leave its main interest rates unchanged, reaffirming its commitment to end its quantitative easing (QE) program by the end of the year—provided that incoming data plays out as expected.
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.