Eurozone Inflation February 2019

Eurozone

Eurozone: Inflation inches up in February

March 15, 2019

According to complete data released by Eurostat on 15 March, harmonized inflation came in at 1.5% in February, slightly above January’s 1.4% and matching the preliminary estimate. January’s result had marked a nine-month low. Inflation sits below the European Central Bank’s target rate of near, but under, 2.0%. Higher price pressures for food, alcohol & tobacco drove February’s uptick.

Annual average harmonized inflation edged up to 1.9% in February from January’s 1.8%. Core inflation, meanwhile, was unchanged at 1.2%. On a monthly basis, harmonized consumer prices rose 0.3%, contrasting the 1.1% decrease seen in January.

Among the countries in the common-currency bloc, Greece (0.8%) and Ireland (0.7%) recorded the lowest inflation in February. On the flipside, the Netherlands (2.6%) and Latvia (2.8%) experienced the highest price pressures.

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.4% in 2019. For 2020, panelists expect inflation to average 1.6%.


Author: Angela Bouzanis, Lead Economist

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Euro Inflation February 2019 0

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


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