Eurozone Inflation January 2019

Eurozone

Eurozone: Inflation falls in January

February 1, 2019

According to a preliminary release by Eurostat on 1 February, harmonized inflation is expected be 1.4% in January, sitting below the European Central Bank’s target rate of near, but under, 2.0%. Rising prices for energy and food, alcohol and tobacco products were chiefly behind January’s inflation. Meanwhile, core inflation, which strips out volatile energy and unprocessed foods prices, came in at a softer 1.2% in January.

With January’s flash release, Eurostat changed how it calculates HICP and its aggregates. Revised historical data will be released on 22 February, along with a more comprehensive estimate of January’s inflation.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.6% in 2019. For 2020, panelists expect inflation to also average 1.6%.


Author: Angela Bouzanis, Lead Economist

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Eurozone Inflation Chart


Euro Inflation January 2019

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


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