Euro Area Inflation Rate 1991-2014 | Data | Chart | Calendar | Forecast

The inflation rate In the Euro Area was recorded at 0.30 percent in September of 2014. Inflation Rate in the Euro Area averaged 2.17 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. Inflation Rate in the Euro Area is reported by the Eurostat.

   
 
 

Euro Area Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 5.00 -0.70 1991 - 2014 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, October 31, 2014.


Euro Area Inflation Rate Down to 5-Year Low in September


Euro Area annual inflation was 0.3 percent in September, down from 0.4 percent in August. This is the lowest rate recorded since October 2009. In September 2013 the rate was 1.1 percent.

In September, negative annual rates were observed in Bulgaria (-1.4 percent), Greece (-1.1 percent), Hungary (-0.5 percent), Spain (-0.3 percent), Poland (-0.2 percent), Italy, Slovenia and Slovakia (all -0.1 percent). The highest annual rates were recorded in Romania (1.8 percent), Finland (1.5 percent) and Austria (1.4 percent). Compared with August 2014, annual inflation fell in seventeen Member States, remained stable in two and rose in nine.

The largest upward impacts to Euro Area annual inflation came from restaurants and cafés (+0.09 percentage points), rents (+0.07 pp) and maintenance of vehicles (+0.05 pp), while fuels for transport (-0.21 pp), telecommunications (-0.12 pp) and gas (-0.08 pp) had the biggest downward impacts.

Core inflation rate, which strips out prices of food, energy, alcohol and tobacco fell to 0.8 percent from 0.9 percent in August. Monthly inflation was 0.4 percent.

European Union annual inflation was 0.4 percent, down from 0.5 percent in August.

Nuno Fontes | nuno@tradingeconomics.com
10/16/2014 10:08:38 AM


Recent Releases

Euro Area Inflation Rate Slows in September
Euro Area annual inflation rate is expected to slow to 0.3 percent in September from 0.4 percent in August. It is the lowest rate since October of 2009. Published on 2014-09-30

Euro Area Inflation Rate Revised Up to 0.4%
Euro Area annual inflation was 0.4 percent in August, the same rate recorded in July and up from a preliminary estimate of 0.3 percent. The largest upward pressure came from prices of restaurants and cafes. Published on 2014-09-17


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-08-29 10:00 AM Euro Area
Inflation Rate YoY
Aug 2014 0.3% 0.4% 0.3% 0.28%
2014-09-17 10:00 AM Euro Area
Inflation Rate YoY - Final
Aug 2014 0.4% 0.4% 0.3% 0.3%
2014-09-30 10:00 AM Euro Area
Inflation Rate YoY
Sep 2014 0.3% 0.4% 0.3% 0.4%
2014-10-16 10:00 AM Euro Area
Inflation Rate YoY - Final
Sep 2014 0.3% 0.4% 0.3% 0.3%
2014-10-31 10:00 AM Euro Area
Inflation Rate YoY
Oct 2014 0.3% 0.4% 0.26%


Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.40 5.00 -0.70 Percent [+]
Inflation Rate Mom 0.40 0.10 1.35 -1.11 Percent [+]
Consumer Price Index CPI 118.19 117.68 118.31 83.22 Index Points [+]
Core Inflation Rate 0.80 0.90 2.60 0.70 Percent [+]
Core Consumer Prices 113.56 112.94 113.56 85.54 Index Points [+]
GDP Deflator 113.20 112.60 113.20 82.30 Index Points [+]
Producer Prices 106.79 106.93 109.42 50.46 Index Points [+]
Producer Prices Change -1.40 -1.30 10.70 -8.10 Percent [+]
Import Prices 101.90 101.70 104.90 95.60 Index Points [+]
Food Inflation -0.20 -0.90 6.80 -1.60 Percent [+]