Inflation in Eurozone
Eurozone - Inflation
Inflation drops in December
According to complete data released by Eurostat on 17 January, harmonized inflation came in at 1.6% in December, matching the preliminary estimate and below November’s 1.9%. December’s result marks an eight-month low. Inflation sits below the European Central Bank’s target rate of near, but under, 2.0%. Lower price pressures for energy as the impact from higher oil prices faded drove December’s fall.
Annual average harmonized inflation was unchanged at November’s 1.7% in December. Core inflation was also stable at the previous month’s 1.1%. On a monthly basis, harmonized consumer prices recorded flat growth, contrasting the 0.2% drop seen in November.
Among the countries in the common-currency bloc, Greece (0.6%) and Portugal (0.6%) recorded the lowest inflation in December. On the flipside, Estonia (3.3%) and Latvia (2.5%) experienced the highest price pressures. Regarding the largest economies in the Eurozone, inflation fell across-the-board, with price pressures easing in France (1.9%), Germany (1.8%), Italy (1.2%) and Spain (1.2%) in December.
Eurozone Inflation Forecast
FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.6% in 2019. For 2020, panelists also expect inflation to average 1.6%.
Eurozone - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | - | - | - | - | - |
Eurozone Inflation Chart
Source: Eurostat and FocusEconomics calculations.
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.14 | 0.65 % | Jan 16 |
| Stock Market | 1,067 | -0.52 % | Jan 16 |
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Economic News
Eurozone: Inflation drops in December
January 17, 2019
According to complete data released by Eurostat on 17 January, harmonized inflation came in at 1.6% in December, matching the preliminary estimate and below November’s 1.9%.
Eurozone: Unemployment rate inches down in November
January 9, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc improved in November.
Eurozone: Economic sentiment hits almost two-year low in December
January 8, 2019
Economic sentiment in the Eurozone continued to plunge in December, ending 2018 on a downbeat note.
Eurozone: Inflation falls in December
January 4, 2019
According to a preliminary release by Eurostat on 4 January, harmonized inflation dropped to 1.6% in December, down from 1.9% in November.
Eurozone: Inflation eases in November
December 17, 2018
According to complete data released by Eurostat on 17 December, harmonized inflation came in at 1.9% in November, a notch less than the preliminary estimate and below October’s 2.2%.
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