Inflation in Eurozone
Eurozone - Harmonized Inflation
Inflation inches up in February
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%.
Eurozone - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.4||0.4||0.0||0.2||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Harmonized Inflation Chart
Source: Eurostat and FocusEconomics calculations.
|Exchange Rate||1.14||0.65 %||Mar 20|
|Stock Market||1,164||-0.52 %||Mar 20|
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March 22, 2019
Leading indicators point to a lackluster quarter for the Euro area’s economy.
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.
March 13, 2019
Industrial output returned to growth in January, after contracting in the previous two months.
March 7, 2019
Ebbing economic momentum across the Eurozone pushed the European Central Bank (ECB) to rethink its monetary policy on 7 March.
March 7, 2019
A third estimate confirmed that the Eurozone economy remained weak through the fourth quarter of last year.