Inflation in Eurozone

Eurozone Harmonized Inflation | Economic News & Forecasts

Eurozone - Harmonized Inflation

Inflation jumps in April

Complete data confirmed harmonized inflation came in at 1.7% in April, up from March’s 1.4% and matching the preliminary estimate. Inflation now sits closer to the European Central Bank’s target rate of near, but under, 2.0%. Higher price pressures for services largely drove April’s rise, in part due to the timing of the Easter holiday this year.

Annual average harmonized inflation was unchanged at March’s 1.8% in April. Core inflation, meanwhile, rose to 1.4% from March’s 1.0%. On a monthly basis, harmonized consumer prices rose 0.7% in April, a smaller increase then March’s 1.0%.

Among the countries in the common-currency bloc, Italy (1.1%) and Portugal (0.9%) recorded the lowest inflation in April. On the flipside, Latvia (3.3%) and Estonia (3.2%) experienced the highest price pressures. Regarding the largest economies in the Eurozone, inflation rose in all expected for Italy which experienced unchanged price pressures.

Eurozone Inflation Forecast

FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2019. For 2020, panelists expect inflation to average 1.5%.

Eurozone - Harmonized Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (HICP, annual variation in %)1.4  0.4  0.0  0.2  1.5  

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Eurozone Harmonized Inflation Chart

Euro Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Eurostat and FocusEconomics calculations.

Eurozone Facts

Exchange Rate1.130.65 %Jun 13
Stock Market1,159-0.52 %Jun 13

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