Euro Area Inflation Rate

The inflation rate In the Euro Area was recorded at 0.50 percent in March of 2014. Inflation Rate In the Euro Area is reported by the Eurostat. Inflation Rate in the Euro Area averaged 2.21 Percent from 1991 until 2014, reaching an all time high of 5 Percent in July of 1991 and a record low of -0.70 Percent in July of 2009. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.50 0.70 5.00 -0.70 0.50 | 2014/03 1991 - 2014 Percent Monthly

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Euro Area Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-28 10:00 AM Euro Area
Inflation Rate YoY
Feb 2014 0.8% 0.8% 0.7% 0.51%
2014-03-17 10:00 AM Euro Area
Inflation Rate YoY - Final
Feb 2014 0.7% 0.8% 0.8% 0.8%
2014-03-31 10:00 AM Euro Area
Inflation Rate YoY
Mar 2014 0.5% 0.7% 0.6% 0.61%
2014-04-16 10:00 AM Euro Area
Inflation Rate YoY - Final
Mar 2014 0.5% 0.7% 0.5% 0.5%
2014-04-30 10:00 AM Euro Area
Inflation Rate YoY
Apr 2014 0.5% 0.53%
2014-05-15 10:00 AM Euro Area
Inflation Rate YoY - Final
Apr 2014 0.5%
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Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 0.50 2014-03-31 0.70 5.00 -0.70 0.50 2014-03-31 Percent [+]
Consumer Price Index (cpi) 118.13 2014-03-15 117.03 118.13 83.22 117.97 2014-04-30 Index Points [+]
Core Consumer Prices 111.61 2014-02-15 111.09 113.04 85.54 113.48 2014-03-31 Index Points [+]
Core Inflation Rate 0.70 2014-03-15 1.00 2.60 0.70 0.84 2014-04-30 Percent [+]
Gdp Deflator 112.60 2013-11-15 112.50 112.60 82.30 113.03 2014-03-31 Index Points [+]
Import Prices 102.00 2014-02-15 102.20 104.90 95.60 102.03 2014-03-31 Index Points [+]
Inflation Rate Mom 0.97 2014-03-15 0.30 1.35 -1.11 0.19 2014-04-30 Percent [+]
Producer Prices 107.56 2014-02-15 107.77 109.42 50.45 107.32 2014-03-31 Index Points [+]
Producer Prices Change -1.70 2014-02-15 -1.40 10.70 -8.10 -2.00 2014-03-31 Percent [+]
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Euro Area Inflation Rate Confirmed at 0.5% in March

Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.

European Union annual inflation was 0.6 percent in March, down from 0.8 percent in February. A year earlier the rate was 1.9 percent. 

Negative annual rates were observed in Bulgaria (-2.0 percent), Greece (-1.5 percent), Cyprus (-0.9 percent), Portugal and Sweden (both -0.4 percent), Spain and Slovakia (both -0.2 percent) and Croatia (-0.1 percent). The highest annual rates were recorded in the United Kingdom (1.6 percent), Malta and Austria (both 1.4 percent). 

Compared with February of 2014, annual inflation fell in nineteen Member States, remained stable in three and rose in six. 

The largest upward impacts to euro area annual inflation came from tobacco and restaurants and cafés (+0.08 percentage points each) and milk, cheese and eggs (+0.06), while fuels for transport (-0.24), telecommunications (-0.10) and heating oil (-0.06) had the biggest downward impacts.  

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2014 10:16:34 AM

RECENT RELEASES

Euro Area Inflation Rate Slows Again in March
Euro Area annual inflation is expected to be 0.5 percent in March of 2014, down from 0.7 percent in February, according to a flash estimate. It is the lowest rate since November of 2009. Published on 2014-03-31

Euro Area Inflation Rate Back to 0.7% in February
Euro Area annual inflation came back to a 4-year low of 0.7 percent in February of 2014, revised downwards from a preliminary 0.8 percent. On a monthly basis, prices increased 0.3 percent. Published on 2014-03-17


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
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The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.
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Euro Area annual inflation came back to a 4-year low of 0.7 percent in February of 2014, revised downwards from a preliminary 0.8 percent. On a monthly basis, prices increased 0.3 percent.
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