Eurozone Inflation March 2019


Eurozone: Inflation falls in March

April 1, 2019

According to a preliminary estimate released by Eurostat on 1 April, harmonized inflation inched down to 1.4% in March from February’s 1.5%. The result is below the European Central Bank’s target rate of near, but under, 2.0%. March’s reading reflected lower price pressures from food, alcohol and tobacco products along with services.

Core inflation, which excludes out volatile energy and unprocessed foods prices, is also estimated to have fallen, coming in at 1.0% in March (February: 1.2%).

A complete set of data for harmonized inflation will be released 17 April.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.4% 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 Area Inflation March 2019 0

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

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