Euro Area Inflation Rate 1991-2015 | Data | Chart | Calendar | Forecast

The inflation rate In the Euro Area was recorded at -0.60 percent in January of 2015. Inflation Rate in the Euro Area averaged 2.14 percent from 1991 until 2015, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009. Inflation Rate in the Euro Area is reported by the Eurostat.

      Forecast    
Euro Area Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.20 5.00 -0.70 1991 - 2015 percent Monthly
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 - Euro Area Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Euro Area Inflation Rate - was last refreshed on Friday, February 27, 2015.


Euro Area Inflation Rate at 5-1/2-Year Low


Eurozone annual inflation was -0.6 percent in January 2015, down from -0.2 percent in December, the lowest since July of 2009. Consumer prices in all member states except Malta and Austria decreased.

The largest downward pressure came from fuels for transport (-0.77 pp), heating oil (-0.24 pp) and telecommunications (-0.05 pp). The increses were reported for restaurants & cafés and rents (+0.14 percentage points each) and tobacco (+0.07 pp). 

Core inflation, which excludes prices of energy, food, alcohol and tobacco eased to 0.6 percent in January from 0.7 percent reported in previous three months.

On a monthly basis, consumer prices dropped 1.6 percent compared with 0.1 decrease reported in December. 

European Union annual inflation was -0.5 percent, down from -0.1 percent in December. Consumer prices declined in twenty-three Member States. The lowest annual rates were registered in Greece (-2.8 percent) and Bulgaria (-2.3 percent). Positive annual rates were recorded in Malta (0.8 percent), Austria and Romania (both 0.5 percent), Sweden (0.4 percent) and the United Kingdom (0.3 percent). Compared with December 2014, annual inflation fell in almost all Member States, except Cyprus, Malta and Sweden.


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/24/2015 10:57:27 AM


Recent Releases

Euro Area Falls Further Into Deflation
Prices in the Eurozone are expected to decline 0.6 percent year-on-year in January, following a 0.2 percent drop in the previous month. It is the lowest figure since mid-2009 and below expectations due to a fall in fuel cost. Published on 2015-01-30

Euro Area Inflation Rate Confirmed at -0.2%
Eurozone annual inflation rate was recorded at -0.2 percent in December, matching preliminary estimates. It is the first fall in consumer prices since September of 2009, due to a drop in energy cost. Published on 2015-01-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-16 10:00 AM
Inflation Rate YoY Final  Dec
-0.2% 0.3% -0.2% -0.2%
2015-01-30 10:00 AM
Inflation Rate YoY Flash  Jan
-0.6% -0.2% -0.5% -0.4%
2015-02-24 10:00 AM
Inflation Rate YoY Final  Jan
-0.6% -0.2% -0.6% -0.6%
2015-03-02 10:00 AM
Inflation Rate YoY Flash  Feb
-0.6% -0.24%
2015-03-17 10:00 AM
Inflation Rate YoY Final  Feb
-0.6%
2015-03-31 10:00 AM
Inflation Rate YoY Flash  Mar
-0.27%


Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate -0.60 -0.20 5.00 -0.70 percent [+]
Inflation Rate Mom -1.60 -0.10 1.35 -1.60 percent [+]
Consumer Price Index CPI 116.03 117.87 118.31 83.22 Index Points [+]
Core Inflation Rate 0.60 0.70 2.60 0.60 percent [+]
Core Consumer Prices 111.78 113.90 113.90 85.54 Index Points [+]
GDP Deflator 104.70 104.50 104.70 76.60 Index Points [+]
Producer Prices 105.23 106.25 109.42 50.46 Index Points [+]
Producer Prices Change -2.70 -1.60 10.70 -8.10 percent [+]
Import Prices 102.30 102.40 104.90 95.60 Index Points [+]
Food Inflation -0.60 0.00 6.80 -1.60 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany -0.40 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.60 Jan/15 0.00 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.30 Jan/15 -1.00 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]