Eurozone Inflation September 2019


Eurozone: Inflation at close to 3-year low in September

October 1, 2019

According to a preliminary estimate released by Eurostat on 1 October, harmonized inflation inched down to 0.9% in September from August’s 1.0%, printing the lowest reading in close to three years. The result is below the European Central Bank’s target rate of near, but under, 2.0%. The deceleration was due to a softer increase in the prices for food, alcohol and tobacco, and services as well as to a sharper drop in energy prices.

Core inflation, which excludes volatile energy and unprocessed foods prices, inched up to 1.2% from August’s 1.1%.

A complete set of data for harmonized inflation will be released 16 October.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2019. For 2020, panelists expect inflation to average 1.4%.

Author: Massimo Bassetti, Economist

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Eurozone Inflation Chart

Euro Area Inflation September 2019

Note: Year-on-year and month-on-month var. of harmonized consumer price index (HICP) in %.
Source: Eurostat

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