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

The inflation rate In the Euro Area was recorded at -0.20 percent in December of 2014. Inflation Rate in the Euro Area averaged 2.15 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.

      Forecast    
Euro Area Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.30 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 Thursday, January 29, 2015.


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.

The biggest downward impacts on euro area annual inflation came from fuels for transport (-0.53 percentage points), heating oil (-0.17 pp) and telecommunications (-0.08 pp), while restaurants & cafés and rents (+0.11 pp each) and tobacco (+0.07 pp) had the largest upward impacts.

In December 2014, negative annual rates were observed in sixteen Member States. The lowest annual rates were registered in Greece (-2.5 percent), Bulgaria (-2.0 percent), Spain (-1.1 percent) and Cyprus (-1.0 percent). The highest annual rates were recorded in Romania (1.0 percent), Austria (0.8 percent) and Finland (0.6 percent). Compared with November 2014, annual inflation fell in twenty-six Member States, remained stable in Sweden and rose in Estonia.

European Union annual inflation was -0.1 percent in December 2014, down from 0.3 percent in November. A year earlier the rate was 1.0 percent.

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/16/2015 10:19:49 AM


Recent Releases

Euro Area Falls Into Deflation
Eurozone annual inflation rate is expected to be -0.2 percent in December, down from 0.3 percent in November, provisional estimates from Eurostat showed. It is the first fall in consumer prices since October of 2009, driven by decline in energy cost. Published on 2015-01-07

Euro Area Inflation Rate Confirmed at 0.3%
Euro area annual inflation slowed to 0.3 percent in November from 0.4 percent in October, matching preliminary estimates and driven by a fall in energy prices. Published on 2014-12-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-17 10:00 AM
Inflation Rate YoY - Final  Nov
0.3% 0.4% 0.3% 0.3%
2015-01-07 10:00 AM
Inflation Rate YoY Flash  Dec
-0.2% 0.3% -0.1% 0%
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
-0.2% -0.5% -0.4%
2015-02-24 10:00 AM
Inflation Rate YoY Final  Jan
-0.2%
2015-03-02 10:00 AM
Inflation Rate YoY Flash  Feb
-0.05%


Euro Area Prices Last Previous Highest Lowest Unit
Inflation Rate -0.20 0.30 5.00 -0.70 percent [+]
Inflation Rate Mom -0.10 -0.20 1.35 -1.11 percent [+]
Consumer Price Index CPI 117.79 117.91 118.31 83.22 Index Points [+]
Core Inflation Rate 0.80 0.70 2.60 0.70 percent [+]
Core Consumer Prices 113.89 113.48 113.89 85.54 Index Points [+]
GDP Deflator 104.70 104.50 113.10 82.30 Index Points [+]
Producer Prices 106.20 106.53 109.42 50.46 Index Points [+]
Producer Prices Change -1.60 -1.30 10.70 -8.10 percent [+]
Import Prices 102.40 102.40 104.90 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 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany 0.20 Dec/14 0.57 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Nov/14 2.90 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]