Euro Area Inflation Rate  1991-2017 | Data | Chart | Calendar | Forecast

Consumer prices in the Euro Area rose 1.5 percent year-on-year in March of 2017, easing from a 2 percent increase in the previous month and matching preliminary estimates. It is the lowest inflation rate in three months, due to a slowdown in prices of fuels for transport, heating oil and vegetables and a drop in cost of package holidays, final figures showed. Inflation Rate in the Euro Area averaged 2 percent from 1991 until 2017, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009.

Euro Area Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-16 10:00 AM Feb 2% 1.8% 2% 2%
2017-03-31 09:00 AM Mar 1.5% 2% 1.8% 2%
2017-04-19 09:00 AM Mar 1.5% 2% 1.5% 1.5%
2017-04-28 09:00 AM Apr 1.5% 1.8% 1.9%
2017-05-17 09:00 AM Apr 1.5%
2017-05-31 09:00 AM May 1.39%




Euro Area Inflation Rate Confirmed At 3-Month Low


Consumer prices in the Euro Area rose 1.5 percent year-on-year in March of 2017, easing from a 2 percent increase in the previous month and matching preliminary estimates. It is the lowest inflation rate in three months, due to a slowdown in prices of fuels for transport, heating oil and vegetables and a drop in cost of package holidays, final figures showed.

Year-on-year, prices rose less for fuels for transport (13.1 percent from 16.7 percent in February), heating oil (20.8 percent from 30 percent) and vegetables (5.8 percent from 16.2 percent). In addition, prices fell faster for telecommunication (-1.4 percent from -1.1 percent) and declined for package holidays (-3.9 percent). In contrast, prices of garments rebounded (0.4 percent from -0.1 percent).

By country, the highest annual rates were recorded in Latvia (3.3 percent from 3.2 percent), Lithuania (3.2 percent, the same as in February) and Estonia (3 percent from 3.4 percent in February). Inflation eased in Germany (1.5 percent from 2.2 percent), Italy (1.4 percent from 1.6 percent) and Spain (2.1 percent from 3 percent) and was steady in France (1.4 percent). 

Excluding energy, food, alcohol and tobacco, consumer prices increased 0.7 percent, below 0.9 percent in each of the previous three months and the lowest since April of 2016. Excluding energy only, inflation also slowed to 0.9 percent from 1.2 percent in February.

The monthly inflation rate was 0.8 percent, compared to 0.4 percent in February.

Considering the European Union, prices rose 0.6 percent on the month (0.3 percent in February) and 1.6 percent on the year (2 percent in February).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/19/2017 11:24:41 AM



Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 2.00 5.00 -0.70 percent [+]
Inflation Rate Mom 0.80 0.40 1.35 -1.60 percent [+]
Consumer Price Index CPI 101.65 100.84 101.65 70.52 Index Points [+]
Core Consumer Prices 101.73 100.33 101.73 75.11 Index Points [+]
Core Inflation Rate 0.70 0.90 2.60 0.60 percent [+]
GDP Deflator 107.08 106.68 107.08 76.61 Index Points [+]
Producer Prices 104.80 104.80 109.40 50.70 Index Points [+]
Producer Prices Change 4.50 3.90 10.70 -8.10 percent [+]
Import Prices 104.00 103.40 104.80 96.00 Index Points [+]
Food Inflation 1.70 2.70 6.90 -1.60 percent [+]
Cpi Transportation 101.46 101.59 104.05 66.00 Index Points [+]


Euro Area Inflation Rate Notes

In Euro Area, the inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates. The main components of the HICP are: food, alcohol and tobacco (19 percent of the total weight), energy (11 percent), non-energy industrial goods (29 percent) and services (41 percent). The HICP aggregates are computed as the weighted average of each country’s HICP components. The weight of a country is its share of household final monetary consumption expenditure in the total of the country’s group. The local HICPs are supplied to the Eurostat by the National Statistical Institutes. This page provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 2.00 5.00 -0.70 1991 - 2017 percent Monthly



Last
Afghanistan 4.10 Feb/17
Albania 2.10 Mar/17
Algeria 8.30 Feb/17
Angola 36.52 Mar/17
Argentina 40.50 Apr/16
Armenia -0.10 Mar/17
Aruba -0.30 Feb/17
Australia 1.50 Dec/16
Austria 2.00 Mar/17
Azerbaijan 13.20 Mar/17
Bahamas 0.80 Dec/16
Bahrain 0.80 Mar/17
Bangladesh 5.30 Feb/17
Barbados -0.50 Oct/16
Belarus 6.40 Mar/17
Belgium 2.28 Mar/17
Belize 2.30 Feb/17
Benin -1.00 Feb/17
Bhutan 3.71 Dec/16
Bolivia 3.34 Mar/17
Bosnia and Herzegovina 1.20 Feb/17
Botswana 3.50 Mar/17
Brazil 4.57 Mar/17
Brunei -0.20 Feb/17
Bulgaria 1.90 Mar/17
Burkina Faso 0.20 Feb/17
Burundi 21.10 Mar/17
Cambodia 4.42 Jan/17
Cameroon 0.50 Dec/16
Canada 1.60 Mar/17
Cape Verde 0.50 Mar/17
Cayman Islands 0.60 Dec/16
Central African Republic 38.04 Feb/16
Chad -3.10 Jan/17
Chile 2.70 Mar/17
China 0.90 Mar/17
Colombia 4.69 Mar/17
Comoros 1.30 Dec/15
Congo 36.29 Feb/17
Costa Rica 1.58 Mar/17
Croatia 1.10 Mar/17
Cuba 4.50 Dec/16
Cyprus 1.90 Mar/17
Czech Republic 2.60 Mar/17
Denmark 1.00 Mar/17
Djibouti 2.80 Jan/17
Dominican Republic 3.14 Mar/17
East Timor 0.20 Feb/17
Ecuador 0.96 Mar/17
Egypt 30.90 Mar/17
El Salvador 0.54 Mar/17
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 2.80 Mar/17
Ethiopia 8.50 Mar/17
Euro Area 1.50 Mar/17
European Union 1.60 Mar/17
Fiji 5.60 Mar/17
Finland 0.80 Mar/17
France 1.10 Mar/17
Gabon 2.09 Feb/16
Gambia 8.80 Feb/17
Georgia 5.40 Mar/17
Germany 1.60 Mar/17
Ghana 12.80 Mar/17
Greece 1.70 Mar/17
Guatemala 4.00 Mar/17
Guinea 8.70 Dec/16
Guinea Bissau 2.00 Feb/17
Guyana 1.40 Dec/16
Haiti 13.90 Feb/17
Honduras 3.94 Mar/17
Hong Kong 0.50 Mar/17
Hungary 2.70 Mar/17
Iceland 1.60 Mar/17
India 3.81 Mar/17
Indonesia 3.61 Mar/17
Iran 10.60 Feb/17
Iraq -0.80 Feb/17
Ireland 0.70 Mar/17
Israel 0.90 Mar/17
Italy 1.40 Mar/17
Ivory Coast 0.40 Mar/17
Jamaica 4.10 Mar/17
Japan 0.30 Feb/17
Jordan 4.30 Mar/17
Kazakhstan 7.70 Mar/17
Kenya 10.28 Mar/17
Kosovo 1.50 Mar/17
Kuwait 2.63 Mar/17
Kyrgyzstan 2.80 Mar/17
Laos 1.75 Mar/17
Latvia 3.40 Mar/17
Lebanon 5.12 Mar/17
Lesotho 5.20 Feb/17
Liberia 13.31 Feb/17
Libya 29.40 Sep/16
Liechtenstein 0.60 Mar/17
Lithuania 3.10 Mar/17
Luxembourg 1.80 Mar/17
Macau 0.72 Mar/17
Macedonia 0.60 Mar/17
Madagascar 7.00 Dec/16
Malawi 15.80 Mar/17
Malaysia 5.10 Mar/17
Maldives 2.20 Feb/17
Mali 1.50 Feb/17
Malta 1.20 Mar/17
Mauritania 3.00 Mar/17
Mauritius 1.30 Mar/17
Mexico 5.35 Mar/17
Moldova 5.10 Mar/17
Mongolia 2.50 Mar/17
Montenegro 2.70 Mar/17
Morocco 0.10 Mar/17
Mozambique 20.88 Feb/17
Myanmar 9.94 Jul/16
Namibia 7.00 Mar/17
Nepal 2.90 Mar/17
Netherlands 1.10 Mar/17
New Caledonia 1.00 Mar/17
New Zealand 2.20 Mar/17
Nicaragua 3.17 Mar/17
Niger 1.60 Mar/17
Nigeria 17.26 Mar/17
North Korea 55.00 Jul/13
Norway 2.40 Mar/17
Oman 2.82 Mar/17
Pakistan 4.94 Mar/17
Palestine 1.65 Mar/17
Panama 1.50 Mar/17
Papua New Guinea 6.60 Dec/16
Paraguay 2.80 Mar/17
Peru 3.97 Mar/17
Philippines 3.40 Mar/17
Poland 2.00 Mar/17
Portugal 1.40 Mar/17
Puerto Rico 1.60 Feb/17
Qatar 0.90 Mar/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Mar/17
Russia 4.30 Mar/17
Rwanda 13.00 Mar/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.40 Mar/17
Senegal 2.40 Mar/17
Serbia 3.60 Mar/17
Seychelles -1.20 Mar/17
Sierra Leone 18.70 Jan/17
Singapore 0.70 Mar/17
Slovakia 1.00 Mar/17
Slovenia 1.90 Mar/17
Somalia -3.50 Dec/15
South Africa 6.10 Mar/17
South Korea 2.20 Mar/17
South Sudan 425.90 Feb/17
Spain 2.30 Mar/17
Sri Lanka 7.30 Mar/17
Sudan 33.50 Feb/17
Suriname 48.70 Jan/17
Swaziland 8.20 Jan/17
Sweden 1.30 Mar/17
Switzerland 0.60 Mar/17
Syria 51.10 Aug/16
Taiwan 0.18 Mar/17
Tajikistan 7.30 Mar/17
Tanzania 6.40 Mar/17
Thailand 0.76 Mar/17
Togo -0.40 Feb/17
Trinidad and Tobago 3.60 Jan/17
Tunisia 4.80 Mar/17
Turkey 11.29 Mar/17
Turkmenistan 6.17 Dec/16
Uganda 6.40 Mar/17
Ukraine 15.10 Mar/17
United Arab Emirates 2.70 Feb/17
United Kingdom 2.30 Mar/17
United States 2.40 Mar/17
Uruguay 6.71 Mar/17
Uzbekistan 5.70 Dec/16
Venezuela 741.00 Feb/17
Vietnam 4.65 Mar/17
Yemen 9.49 Nov/14
Zambia 6.70 Mar/17
Zimbabwe 0.21 Mar/17