Eurozone Inflation Rate At More Than 3-Year High Of 1.1%


Consumer prices in the Euro Area are expected to rise 1.1 percent year-on-year in December of 2016 following a 0.6 percent increase in November. It is the highest inflation rate since September of 2013 and above market expectations of 1 percent, mainly boosted by a rebound in energy prices.

Energy is expected to have the highest annual rate in December (2.5 percent, compared with -1.1 percent in November), followed by services (1.2 percent, compared with 1.1 percent in November), food, alcohol and tobacco (1.2 percent, compared with 0.7 percent in November) and non-energy industrial goods (0.3 percent, stable compared with November). 

Core inflation rate, which excludes prices of energy, food, alcohol and tobacco, is expected to rise to 0.9 percent from 0.8 percent in the previous four months. 

Excluding energy only, the inflation rate accelerated to 1 percent from 0.8 percent in the previous month.

Eurozone Inflation Rate At More Than 3-Year High Of 1.1%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/4/2017 10:16:27 AM