Inflation in Eurozone
Eurozone - Inflation
Inflation drops to nearly three-year low in September
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate. The result marked the lowest reading since November 2016. Inflation sits sizably below the European Central Bank’s target rate of near, but under, 2.0%. The reading was chiefly due to a drop-in energy prices and reduced food, alcohol and tobacco price pressures.
Annual average harmonized inflation inched down to 1.4% in September, from August’s 1.5%. Core inflation, meanwhile, edged up to 1.2% from the previous month’s 1.1%. On a monthly basis, harmonized consumer prices rose 0.2% in September, above July’s 0.1% increase.
Among the countries in the common-currency bloc, Cyprus and Portugal experienced dropping harmonized prices on an annual basis. On the flipside, the Netherlands (2.7%) and Slovakia (3.1%) recorded the highest inflation. Regarding the largest economies in the Eurozone, inflation fell across the board.
FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2020. For 2021, panelists expect inflation to average 1.5%.
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 | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 1,175 | -0.52 % | Sep 04 |
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Economic News
Eurozone: Inflation drops to nearly three-year low in September
October 16, 2019
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate.
Eurozone: Industrial output rebounds in August
October 14, 2019
Industrial output returned to growth in August, contrasting two months of contractions.
Eurozone: Inflation at close to 3-year low in September
October 1, 2019
According to a preliminary estimate released by Eurostat on 1 October, harmonized inflation inched down to 0.9% in September from August’s 1.0%, printing the lowest reading in close to three years.
Eurozone: Unemployment rate inches down in August
September 30, 2019
Labor market conditions in the common currency bloc tightened in August, according to data released by Eurostat.
Eurozone: Economic sentiment falls to over four-year low in September
September 24, 2019
Sentiment in the Eurozone dropped sharply in September, reversing August’s marginal gains.
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