Consumer prices in the Euro Area dropped 0.3 percent from a year earlier in December 2020, a fifth consecutive month of decline, with downward pressure coming from energy (-6.9 percent vs -8.3 percent in November) and non-energy industrial goods (-0.5 percent vs -0.3 percent). At the same time, food, alcohol & tobacco inflation slowed to 1.3 percent from 1.9 percent, while cost for services rose 0.7 percent, compared with 0.6 percent in November. The annual core inflation, which excludes volatile prices of energy, food, alcohol & tobacco and at which the ECB looks in its policy decisions, was unchanged at 0.2 percent in December, the lowest on record. source: EUROSTAT
Inflation Rate in the Euro Area averaged 1.92 percent from 1991 until 2020, reaching an all time high of 5 percent in July of 1991 and a record low of -0.60 percent in July of 2009. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Euro Area is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Euro Area to stand at 1.40 in 12 months time. In the long-term, the Euro Area Inflation Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.